This is localized in the OC market. I keep hearing from small landlords that rent is still down from 2007. However, do to $4 a gallon gas, previous homeowners from inland empire have inquired about renting in the OC, usually closer to their jobs.
Read it allThat rise compares to an increase at a 1.1% annual rate in the previous month. It was the sixth consecutive month of year-over-year increases and the biggest jump since July 2009 when rents were rising at a 1.7% annual rate.