Opinion The once piping-hot rental markets in California’s largest cities have finally stabilized. San Francisco rents are down 24 percent from a year ago, while Los Angeles rents are down 15 percent year-over-year, according to data provider Zumper. During the past year, many people have moved away from California’s high-density areas—such as San Francisco, San Jose and Los Angeles—and toward inland areas. In the bay area, rents for one-bedroom apartments in San Jose fell 18 percent during the past year. Meanwhile, rents for one-bedroom apartments in Sacramento rose 10 percent as people from San Francisco and San Jose moved inland, as well as to other areas such as Idaho and Utah. The SoCal Experience In Southern California, people also moved away from high-density areas into lower-density areas. Throughout the past year, rent for one-bedroom apartments fell 15 percent in Los Angeles, according to Zumper. Conversely, rent in Ontario and Riverside …
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