Friday, April 22, 2016

San Francisco, Oakland, San Jose: Three of five costliest rental markets in U.S.

http://www.mercurynews.com/breaking-news/ci_29797026/san-francisco-oakland-san-jose-three-five-costliest


That's the word from the Zumper apartment rental website, which puts San Francisco at the top of the list, followed by New York, Boston, Oakland and San Jose. The median price for a one-bedroom apartment is $3,590 in San Francisco, $2,280 in Oakland and $2,270 in San Jose, according to the Zumper National Rent Report for April.


Just this week, San Jose put a 5 percent cap on rent increases for the 44,000 units covered by the city's rent control law. Earlier this month, the Oakland City Council approved a 90-day moratorium on rent hikes. And a number of new analyses -- by CoreLogic, Redfin, RealFacts and others -- suggest that a leveling of prices may finally be occurring in the region for homebuyers and renters.

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