"Despite some expectations that 2024 might bring relief to tenants, only 53% of California markets surveyed indicated a drop in rents, reflecting ongoing affordability issues in the rental market."
"Eight out of fifteen California cities reported rent decreases, mirroring a broader national trend where rents fell by 0.6% last year. However, the decreases were modest compared to the overall high rental costs."
#california-housing-market #rent-trends #2024-rental-statistics #affordability-issues #urban-economics
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