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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (120925)	5/6/2008 12:37:12 AM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

Rental Rates Begin To Drop With Home Prices Do you find this to be true in Florida? I actually think rentals are going up in most cities irrespective of the housing crash due to classic inflation. This article is bay area again so maybe not reflective nationally- but 9.4% rent increase year over year, in front of a recession.... WOW thats huge. According to the report, the current average rent for an apartment in the San Jose area is $1,660 a month. That's up 0.8 percent from the previous quarter, and up 9.1 percent from the same period a year ago. The year-over-year increase was the second largest in the state, behind only the San Francisco-Oakland-Fremont region, whose rents jumped 9.4 percent. origin.mercurynews.com