If you are searching for an apartment in Southern California, there are more rentals available than last year. Just don't expect a deal.
What does that mean for me?
With the rise in vacancy, he said renters are less likely to have to make snap decisions on whether a place is right for them, and he hears less and less about bidding wars at his client’s properties.By most measures, rent is still rising, butRising vacancy levels have not only made it harder for landlords to charge more, but after years of sharp increases some tenants are tapped out.
According to CoStar, average rent is still positive in all Southern California counties, but rising less than RealPage data show. One option you have is Section 8, a federal program run by local authorities. If you meet the income qualifications and receive one of the coveted vouchers, you can find housing with a private landlord on the open market and you’ll pay roughly a third of your income toward rent with the government paying the rest.Low wages, short hours drive many fast-food workers into homelessness
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