Send Your REFERRALS

Do you know a friend who is interested in buying a home?CLICK HERE

Schedule A MEETING

Meet with one of our agents for a consultation… CLICK HERE

Why Invest TODAY?

Check out these FAQs to help you decide whether to invest today or not… CLICK HERE

At long last, Bay Area rental market cooling

Source: Mercury News

 

Third-quarter rents for the nine-county San Francisco Bay Area have barely moved – up 1 percent from a year ago – and in some cities have even fallen, according to a report by RealFacts. The report found the average San Jose apartment now rents for $2,500, up 0.6 percent from the third quarter of 2015, while in San Francisco – which has experience significant recent rent hikes – the average rent actually fell by 3.4 percent.

 

Of course, the typical apartment in San Francisco still rents for $3,499, far out of reach for most middle-class workers. In Oakland, renters can count on spending an average of $2,927, according to the report. Oakland rents were up 2.8 percent on a year-over-year basis, but that was significantly down from increases of 5.4 percent, 7.2 percent and 13.7 percent, respectively, in the previous three quarters.

apartments

This entry was posted in Real Estate, Rentals, Renters and tagged , , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

FEATURED PROPERTIES

714-835-7126

714-835-7126

Contact Information

Cal Bureau of Real Estate Lic.# 01960213
  • facebook
  • twitter
  • linked in