5 Rental Market Predictions: What to Expect in 2017 (and Beyond)
To my South Bay and Westside Residential Investment Owners:
As presumed, while there is expected to be a nationwide stabilization of rents in 2017 around 1.5%, the exception is……can you guess….the West Coast markets!
We will continue to see rents not leveling off in the Southern California region. Rather, continued rental rate increases of approximately 5% will continue to be the norm around these parts.
I second this projection based on my “boots on the ground” perspective. Despite the natural uncertainty that comes in the Presidential transition of power on the economy, South Bay Property Management Pros has continued to experience relatively fast paced lease-up of it’s investment owners residential properties in the beginning of 2017.
Simply put, real estate growth is still occurring!
It is illegal, pursuant to the Federal Fair Housing law, 42 U.S.C.A. 3601, as amended, to refuse to sell, transfer, assign rent, lease, sublease or finance housing accommodations, refuse to negotiate for the sale or rental of housing accommodations, or otherwise deny or make unavailable housing accommodations because of race, color, religion, sex, familial status as defined in Section 4112.01 of the Revised Code, ancestry, military status as defined in that section, disability as defined in that section, or national origin or to so discriminate in advertising the sale or rental of housing, in the financing of housing, or in the provision of real estate brokerage services. It is also illegal, for profit, to induce or attempt to induce a person to sell or rent a dwelling by representations regarding the entry into the neighborhood of a person or persons belonging to one of the protected classes.