According to an article by U-T San Diego, more landlords in San Diego county are considering or actively raising rents on their tenants. This is in response to a better economy overall.
A decade ago, the annual rental rate growth was 6% — but it is currently only 2%, with the raising competition from the for-sale housing market cited as the reason for this slower rate increase.
It’s much easier for potential homebuyers to ease their way into the national and San Diego real estate market because of the low mortgage rates and rising real estate prices. Perhaps it’s time for you to also consider buying a home? Give me a call today and let me assist you in your home search!
– John A Silva | (619) 890-3648