Eventually writing one of these posts is going to jinx the entire rental market. However, here we are, for the third month in a row, passing along the bittersweet news that the Bay Area remains the most expensive rental market in the country, but rents continue to decline. So, hooray? ¯\_(ツ)_/¯
San Francisco rents decreased 0.8 percent in March. Prices in the city overall are now *drum roll* 1 percent lower than a year ago. Wait, don’t put on your party hats yet!
Landlords continue to be ridiculous. The median rent in San Francisco for a one-bedroom is still $3450 and a two-bedroom is $4560. Let’s at the least wait until New York City takes back the rightful spot on top of the list before we celebrate.
And, sadly for our New Yorker friends, they’re moving in that direction with a 0.8 percent rent increase over the last year.AprtmentList.com.
[Featured Image by Jessica Spengler via Flickr]