"California cities where the median rental price decreased
- Los Angeles metro by 2.6%,
- San Bernardino metro by 5.9%,
- Sacramento metro by 3.5%
- San Diego metro by .6%
- San Francisco metro by 4%
Overall, in the western metro area of the country, rent was 3% lower than where it was last year."
Where the Western coastal cities and the North East lead, the rest of the country generally follows shortly thereafter.
"Asking rental price" is the proverbial fly in the ointment where it comes to grossly inflated "asking sale price" for real estate. For many people, if renting makes more financial sense than owning, they will rent a home instead of buying a home.
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