Rents in Bay Area jump by single digits. After slowing at the end of the year, Bay Area rents jumped 6 to 8 percent in the first quarter of the year....And, believe it not, for renters that's good news.
REALFACTS in the News
14 May 2013
14 May 2013
Napa rents on the rise as economy improves. The average price in Napa County rose 3.9 percent in the first quarter of 2013, compared to the same quarter in 2012. " People are having a heck of a time finding places to rent...."
7 Feb 2013
1,000 new apartments planned for downtown Berkeley. For $6,300 a month, the amenities ought to be top-of-the-line, and at the recently opened Berkeley Central - formerly known as the Arpeggio Building - they are. From Bosch appliances and stainless steel designer lights to the wood floor, the six penthouse units on the ninth floor promise an urbane, urban lifestyle.
7 Feb 2013
Rental rates in Berkeley's newest apartment buildings have stagnated for the first time in two years, according to a report released Jan. 21 by RealFacts, a Bay Area real estate consulting firm.
7 Feb 2013
Rental rates in Berkeley's newest apartment buildings have stagnated for the first time in two years, according to a report released Jan. 21 by RealFacts, a Bay Area real estate consulting firm.
7 Feb 2013
Some renters may be deciding that interest rates and low prices have made the time right to buy a condo, and that may account for some of the leveling off of rents, a RealFacts representative said.
7 Feb 2013
Los Angeles (KABC) -- An agency that tracks rental rates across the country says the occupancy rate in Southern California is now around 95 percent and renters are paying more.
7 Feb 2013
The apartment market in the Albuquerque metro area reflected a national trend in the fourth quarter of stalled growth in monthly rental rates, according to a survey by Novato, Calif.-based RealFacts.
7 Feb 2013
Has the uber-hot Triangle multifamily industry already started to wane? In the Durham-Chapel Hill market, the average apartment rental rate was down 2 percent to $863 a month in the fourth quarter of 2012 from $881 a month in the third quarter.
7 Feb 2013
It appears that the fast pace of rent growth that the Bay Area has seen recently is slowing, with rents in the East Bay, the Peninsula and San Francisco nearly unchanged in the fourth quarter, according to the Novato consulting group RealFacts.