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Rents in San Diego stable, may even rise this year

April 8, 2009 - 7:06 am

The Los Angeles Times has a story about falling rental rates for apartments in L.A. County, as increased joblessness forces Angelenos to economize. The paper draws its data from a University of Southern California survey, which also found that San Diego rents have been steady:

San Diego County’s apartment market hasn’t faltered much, even though it has felt the sting of rising unemployment and reduced consumer spending. Although rents are softening in some neighborhoods, they are likely to remain stable this year and increase slightly next year, the report said. The average one-bedroom rented for $1,162 at the end of 2008.

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