A brand new research by the web site rentcafe.com says Orange County is ranked eleventh within the nation as essentially the most aggressive rental market.
“We simply checked our web feed like Zillow again and again,” stated Jared Brown, a renter who struggled to seek out housing in Orange County.
The Inland Empire and cities in jap LA County are additionally within the high 20, in line with Doug Ressler, supervisor of Enterprise Intelligence for the web site.
“You want extra reasonably priced housing however the reasonably priced housing simply is not getting constructed,” added Ressler.
In Orange County, rental models solely keep in the marketplace a mean of 31 days, however realtors advised CBSLA Tuesday currently they’ve solely been listed for a day.
Specialists added one of the best factor for renters to do proper now could be attempt to keep put. When the market is tight, property house owners are much less prone to make offers with potential tenants.