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[80] [81] [82] In the rental market, California now has the lowest vacancy rate the state has ever seen, at 3.6%; [83] and while the median rent throughout the state for a two-bedroom apartment is $2,400, the median rent in coastal urban areas is even higher, surpassing $4,000 per month in San Francisco. [84]: 1
The late 1970s saw the second wave of rent control ordinances in California, and nationwide. [11] [12] Rising real estate values and surging interest rates made single family homes in California less affordable. Disappointed buyers often moved into apartments. A rental housing shortage appeared, rents went up.
Senate Bill 50 received coverage from major national newspapers outside of California, with the New York Times and The Atlantic publishing articles and opinion pieces on the bill. [37] [38] Some scholars questioned the ability of Senate Bill 50 to lower housing prices on its own, with some giving credence to the idea that it was a "luxury ...
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Trulia is an American online real estate marketplace which is a subsidiary of Zillow.It facilitates buyers and renters to find homes and neighborhoods across the United States through recommendations, local insights, and map overlays that offer details on commute, schools, churches and nearby businesses.
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