Not surprising since dopey hedge funds flooded the market with homes they overpaid for and putout for rent instead of re-selling.The median rent for single family homes in LA fell 4.1 %last quarter from last year at the same time.

[note color=”#ffffff”]In addition, In downtown LA, an apartment building boom has driven rents down by 5% over the last year. There are so many young adults and more people living alone has prompted lots of apartment building. This drives down rent prices also.[/note] [note color=”#ffffff”]Usually rental and buyers markets rise together but there has been so much weird happenings lately that  this as changed. – at least for now. We continue to write new rules. That s why its so important to stay in touch with what is happening.[/note]