”Survey says” looks at various rankings and scorecards judging geographic locations while noting these grades are best seen as a mix of artful interpretation and data.California landlords are shrinking rent increases on single-family homes to below what they sought in pre-pandemic days.The trusty spreadsheet looked at rent indexes for May based on listed asking rates for houses in nine California markets,Yes, house rents are still rising in all nine major California markets tracked.
It’s also below the 4.2% average annual increases seen in 2011-2020 — before anyone without an infectious disease degree knew much about a coronavirus Rents on single-family homes are up 0.5% in the past year vs. hikes of 11.8% in the previous 12 months and 3.8% annual average increases in 2011-2020.Inland Empire:Up 1.8% in past year vs. 8.2% previous 12 months and 4.6% average 2011-20.Santa Clara County:Up 3.2% in past year vs. 14.9% previous 12 months and 3.5% average 2011-20.Bottom line