Trulia Los A…, Other/Just Looking in Los Angeles, CA

Single family home rents are down 0.4% while single family home prices are up 11% Y-o-Y in Los Angeles.

Asked by Trulia Los Angeles, Los Angeles, CA Thu Apr 4, 2013

Do these numbers reflect what you are seeing in your own neighborhood in Los Angeles?

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SoCal Preferred Builders’ answer
Rent is still high in my area in Glendale, Burbank, And Tujunga. Its Crazy how rental properties dont want to drop the value of there homes. I mean i understand mortgage payments are still high, but its not worth renting anymore. But i do agree with houses increasing in value. Our house increased roughly 30 to 50k duriing a 6 month period. (zestimate price). I live in Tujunga, CA
0 votes Thank Flag Link Thu May 16, 2013
I would say that is probable accurate in my area rents have been going up aggressively the past 2-3 years, now that the real estate market is starting to come back it would make sense for the rental market to level out.
0 votes Thank Flag Link Mon Apr 8, 2013
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