Renters are paying more because the foreclosure crisis is adding to their ranks, which increases demand for apartments. Orange County has seen the biggest rent increase in the Southland: 13.2% in the last year.Home prices are tumbling to fresh lows, but new data show the rental market is on an upswing, an early indicator that housing may be headed into recovery.
Rising Rents May Signal A Housing Market Recovery
By Alejandro Lazo, Los Angeles Times, Los Angeles Times
Tue, 03/13/2012 - 12:00am
RELATED ARTICLES
- US home sales rebound slightly in February
U.S. home sales picked up slightly in February but remain sluggish due to tight inventories, affordability problems and nasty winter weather. More - Opinion: Mom pays $1,000 a month for a garage
Sky-high rents in Silicon Valley are forcing parents into difficult living situations. CNN meets a woman who is raising her daughter in a single-car garage. More - Vanilla Ice charged with burglary in Florida
Vanilla Ice has been charged with breaking into and stealing from an abandoned home that is in foreclosure in Florida. More - US home building is surging, but job growth isn't
The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More - New home sales rise, housing recovery still on track
Sales of new single-family homes rose in March, indicating the housing market recovery remains on track. More
BING NEWS:
- Rents rise faster after disasters, but a federal program can help restrain excesses
A scholar who researches how rents increase after disasters is fearful for his own community as he watches it burn and braces for the aftermath.
01/14/2025 - 6:02 am | View Link - LA wildfires displaced tens of thousands. With rents soaring, finding affordable housing will be their next challenge
Martin Johnson and his fiancé, Caleigh Chapman, had spent several years restoring and renovating their home in Altadena by hand. It took only hours to lose the home and everything in it last week.
01/14/2025 - 1:59 am | View Link - Rents likely to balloon in wake of L.A. wildfires, experts say
Rents will go up as thousands of displaced homeowners and tenants hit an already tight market, analysts and advocates said. Insurance costs, contracting and permitting are among the myriad of ...
01/9/2025 - 10:00 pm | View Link - What to know about temporary housing, rents, price gouging during firestorm
L.A. County fires trigger price-gouging protections for renters and others. Some organizations are providing free temporary housing.
01/9/2025 - 9:25 am | View Link - In Rochester, locals fret over housing shortage, high rents and expected population boom
A projected worker influx. Apartment owners seeking more flexibility to rent their units. And increasing rents as property owners adapt to the market. Rochester’s housing market is strapped as it is, ...
12/31/2024 - 5:11 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more