San Diego Rents Drop, New Homes Boost Options
California News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
San Diegos rental market sees a significant drop in prices, with one-bedrooms falling 5.6% and two-bedrooms 7.5%, making it the 11th most expensive rental market nationwide. This shift is attributed to a surge in housing supply, with close to 10,000 permits issued over the last two years. Local leaders and housing advocates celebrate the trend, attributing it to their pro-housing push. San Diegos declines stand out, particularly for two-bedrooms, only behind places like Miami and New Haven. City hall plans to continue building to sustain these gains and address high costs.
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