I've noticed that a bunch of obviously investor owned properties have been dumped on the market in my local area. Concord, Pleasant Hill, Martinez, Pittsburgh, Antioch. Volume shot up from near non-existent. Also noticed several multi-families appear on the market.
Anybody, know what is going on?
That makes sense.
The thing that annoys me about Hayward multifamily is that people price it per market rents when their actuals are way behind. Apparently, there is no shortage of buyers who don't know that you can only catch up at 5% a year per the Hayward Rent Stabilization Ordinance.