Today on the Southern California Real Estate Report we look at where the rental market is currently and how it compares to home sales.
- For people living in hot San Diego markets, more often by the beach, home ownership might be out of reach and that seems to be helping the high-end rental market.
-A lot of new Class A rental product has hit the market in recent years and we are seeing some slow down in rents but that might change as this product is absorbed.
-The question is: are people staying renters longer to stay living in more desirable parts of the city?