General RE News September 15, 2022

Thinking of Buying a Home Instead of Renting??

SEPTEMBER 2022 RENT REPORT

CALIFORNIA RENTS INCREASED OVER 20% IN ONE YEAR

If you are renting, this might be your time to consider purchasing a home. The price of homes in Los Angeles have stabilized, and there are areas where the prices are decreasing.  I work with lenders that will sit down with you and review your financial status and advise you on your options.

Contact me and we can discuss if this is the right time for you. If so, we will set up a time at your convenience to meet. No obligation.

PER REPORT: CALIFORNIA AVERAGE RENT PRICE TRENDS:

YoY Change: 22.04%
Avg. Rent (2022): $2,686
Avg. Rent (2021): $2,201

(FOR FULL REPORT CLICK HERE)

(MoM = Month over Month; YoY = Year over Year)