44.7% of California households do not own their homes as of 2024Q2. Homeowner vacancy in California is 0.7%, down 12.5% YoY. The Los Angeles-Long Beach-Anaheim metropolitan area has a rental vacancy rate of 5.1%, up 37.8% YoY.
Should you buy a rental property for the tax benefits? I have a good friend who owns two rental homes here in California. The tales he tells regarding these “assets” are not for the faint of heart. Read More ›Is the gain on my home sale really tax free? I bought a house ...
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48,248 or 0.11% of rental homes are rent controlled. 127 working hours is the weekly requirement for minimum wage earners to afford the average apartment. 5.5% of renters have lived in their home for more than 20 years. 34.4% of renters are under the age of 35. ...
Rent growth is easing as landlords respond to a tightening in tenant budgets brought on by inflation.
forms of rental housing, such as manufactured homes, RVs, or houseboats, is almost as large as the shared living in multifamily units (15 percent vs. 19 percent).9 Often these other forms of rental homes are not new homes, but rather rentals of older stock in various levels of ...
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