April 7, 2010
Improving Economy Forecast to Raise San Diego Rent
San Diego 6 the CW (XETV) online
...Rents are expected to decline 3.5 percent in Los Angeles and Orange counties, stay flat in Riverside and San Bernardino counties, but inch up 0.7 percent in San Diego County, according to the report from USC's Lusk Center for Real Estate.
"Overall, Southern California will not see sustained increases in rents until the greater economic health of the region improves, but renters in San Diego may experience the kind of slight increase that comes when jobs return and housing is still too costly for renters to become buyers," said Tracey Seslen, co-author of the Casden Multifamily Market Forecast...