it’s not about you

Now that the housing prices have slipped, rentals, of course, are going up. Looks like we got in at a good time when we did. Our family of four might be in this one-bedroom longer than we planned. Hope our “milk pennies” make a difference.

That sizzling demand is driving up prices, experts said. The average asking rent for a Bay Area apartment jumped 8.2 percent to $1,415 in the third quarter compared with $1,378 for the same period a year earlier, according to an analysis by Novato research firm RealFacts that included apartments of all sizes from studios to three bedrooms. The occupancy rate rose 1.2 percent, to 96.2 percent.

Average price for a one-bedroom in San Francisco, according to one survey? $1,268. Ca-razy.

This entry was posted on Thursday, October 19th, 2006 at 7:57 am and is filed under Community, News and Media. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.