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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 ...
In Tarzana, a landlord is asking $17,500 a month to rent a 3,000-square-foot home with a pool and a view of the Santa Monica Mountains, a 9.4% increase from the price at which it was offered in ...
In 2021, 20.1 million U.S. households paid more than 30% of their income on rent (utilities included), according to the U.S. Census Bureau’s 2021 American Community Survey.
Rental vacancy rates, for example, which are one marker of the balance of housing supply, have declined across the country. While, in a balanced market, rental vacancy rates should fall between 7 and 8 percent, only one U.S. census region, the South, achieved target levels on average in its metro areas as of 2021. [15]
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]
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....
At 2.6% in October, it is just shy of twice when the Biden administration took office in January 2021 (1.4%) and significantly less than a 40-year high of 9. Increases in rent, food push inflation ...
The law also amended the Planning and Zoning Law as well as the Starter Home Revitalization Act (AB 803, 2021). The law requires that eligible housing projects must protect existing housing that: is designated for low-income tenants; is rent-controlled; has been occupied by renters in the last 5 years, and subject to local and environmental ...