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February 9, 2016
Sacremento Rents to Rise in 2016
Renters will see little relief in the way of costs of living, as rents are expected to continue to rise throughout the year.
“We are already in a rental affordability crisis, and 2016 won’t let up,” said Svenja Gudell, chief economist at Zillow, in a recent report by CNN Money. According to the article, experts predict rents will rise faster than inflation, increasing three to five percent on a national level.
The Wall Street Journal also notes that apartment rents increased faster last year than any time since 2007. While new inventory is being created, it will likely have no immediate impact on rents in the coming months.
Category Real Estate
Lyon Real Estate
Ranked the number one brokerage in annual home sales in the greater Sacramento region by the Sacramento Business Journal, Lyon Real Estate has served the area for over 70 years. In 2017, the company closed 7,333 transactions worth a total of $3 billion in sales volume. Lyon Real Estate has 950 agents in 17 offices located throughout the region. The company is a member of the Leading Real Estate Companies of the World®, the largest network of premier locally-branded firms, as well as LeadingRE’s Luxury Portfolio International® program. In addition to its real estate services, Lyon Real Estate offers RELO Direct, a global relocation program. For more information about Lyon Real Estate, click to GoLyon.com and follow us on Facebook.com/LyonRealEstate.