California’s Silicon Valley Wins Again: “2014 Highest Rent Increase”
For San Francisco Bay Area, the heart of booming high tech industry, it seems that the sky has (again) no limit. The huge influx of venture capital has started a trend where for the past 3 years young professionals are flocking to get a coveted Software Engineer job with a promising and well funded startup.
That is great news except for the housing market.
According to Zilpy.com, the nation’s leading Residential Rental Data Analytics Research firm, Bay Area rents have seen a whooping 25-30% increase in December 2014 vs same month of previous year. That adds to an overall upwards market sentiment that pushed rents higher each month over the previous one for whole 2014.
Read full analysis and see trend charts: http://goo.gl/JYne5x
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