2003 2004 2005
SAN DIEGO RENTS
ROSE AN AVERAGE OF $55 PER MONTH IN 2014
APARTMENT RENTS RISE, VACANCIES FALL
Rents in San Diego rose by an
average of $55 per month in 2014, according Zillow
�Over the past fourteen years, rents have grown at twice the
pace of income due to weak income growth,
burgeoning rental demand, and insufficient growth in the supply
of rental housing."
(Zillow Chief Economist Stan Humphries)
See the full article in the
Times of San Diego
"The rents are going up and the vacancies are going down," said Russell Valone, MarketPointe
president. (according to an article in the Daily Transcript)
FORECLOSURE SETTLEMENT WITH SUN TRUST MORTGAGE
Attorney General Kamala D. Harris announced (on June 17, 2014) a $550 million joint state-federal settlement
with mortgage lender and servicer SunTrust Mortgage Inc. to address mortgage origination, servicing, and foreclosure
abuses. The three-year settlement provides direct payments to California borrowers for past foreclosure abuses, loan modifications and other relief for borrowers in need of assistance, and tough new mortgage servicing standards, and grants oversight authority to an independent monitor.
Project 25 in San Diego which is a program providing housing for the homeless
may come to an end because it could be "out of money"
VACANCY RATES DROP TO RECORD LOWS
Low vacancy rates make it harder to fine a rental unit based on increased demand
and little new supply. See the article in the Times of San Diego
FORECLOSURES DROPPING IN SAN DIEGO COUNTY
See the article in the UT
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California law for San Diego is applied in these pages. Such laws may or may not be applicable in other jurisdictions and may no longer be applicable. The information provided herein is of a general nature and is not intended to be taken as specific legal advice. Legal summaries are only the opinion of the Tenants Legal Center and are not intended nor should they be relied upon as any specific representation of any law. For legal advice in a particular situation, promptly consult with an appropriate attorney.