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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Lizzie Tudor who wrote (6068)10/17/2002 3:07:17 PM
From: David JonesRead Replies (1) of 306849
 
...I am renting a SF house for $2100. which would have gone for $3500. in 2000 easy...

Don't guess.

trivalleyherald.com

Article Last Updated:
Thursday, October 17, 2002 - 7:58:14 AM MST

Apartment rents slump

Summertime apartment rents remained stable in most major Western markets except California, where prices at the two ends of the state continued to shift in distinctly different directions, according to a report to be released today by RealFacts. Bay Area rents were down to their lowest levels in three years, while the Los Angeles and San Diego markets emerged as the hottest rental market in a quarterly survey covering nine Western states. As of Sept. 30, rents in the Oakland area were down 8.9 percent from a year ago to an average $1,232, while San Francisco rents fell 12.8 percent to $1,632. In Santa Clara County rents were down 15.5 percent to $1,427.
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