Southern California's Biggest Landlords on Way to Rental Recovery
For over a year we've reported a decline in the prices for both homes and rentals. Apartment listings have even offered bonuses -- everything from months free to discount cards to gym memberships -- for signing on the dotted line and taking an apartment off the market. But indicators from some of the biggest landlords across the country show this trend might be ending soon.
Major Southern California landlords reported rent cuts last year of 5.3%. However, recent numbers show this tide is changing in favor of the landlords.
The party, it seems, is nearing an end.