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The Huffington Post: Rent Prices LA 2012: Rental Prices Expected To Increase Nearly 10% Says Report

By Kathleen Miles. Bad news for renters in Southern California: rent is expected to increased across the Southland in 2012.

April 12, 2012

Why? Because the demand for apartments has increased as young workers gain new employment. And at the same time, the supply of apartments has decreased as units are filled and construction is slow, says a report released Wednesday by USC's Lusk Center for Real Estate.

The hardest hit will be Los Angeles County, where rent is expected to increase nearly 10% over the next two years.

For full article, see the link below:

Link: The Huffington Post