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Waterton then raised the average asking rent nearly 19% — compared with a 10.4% increase in the surrounding area. ... The Times analyzed rental trends at 133 properties in California that were ...
Eviction rates are rising across the nation, with filings up more than 50% than the pre-pandemic average in some cities, according to the Eviction Lab. At the same time, rents are soaring. Real ...
In 2024, the California Housing Partnership reported nearly half a million low-income households didn’t have access to an affordable home, adding Los Angeles renters need to earn $48.04 per hour ...
Middle- and lower-class renters, on the other hand, saw rent increases of 2% in 2023, according to the firm—and that's on top of roughly 20% increases since the pandemic. The silver lining is ...
In the U.S. on average, rent prices for one- and two-bedrooms increased by 1.2% over the past month -- the first time monthly growth rates have exceeded 1% in the past 20 months, Zumper reported
[80] [81] [82] In the rental market, California now has the lowest vacancy rate the state has ever seen, at 3.6%; [83] and while the median rent throughout the state for a two-bedroom apartment is $2,400, the median rent in coastal urban areas is even higher, surpassing $4,000 per month in San Francisco. [84]: 1
The Tenant Protection Act of 2019 caps annual rent increases at 5% plus regional inflation. [51] For example, had the bill been in effect in 2019, rent increases in Los Angeles would have been capped at 8.3%, and in San Francisco at 9%. [51] The increases are pegged to the rental rate as of March 15, 2019. [51]
Much of the increase was driven by increased rent costs, up 0.4%, a 0.2% jump since September. ... While real wages are up to 1.4% compared to 1% reported in October 2023; the month-to-month ...