Richard Stein – Realtor®, Douglas Elliman, GREEN, SFR, CBR, eCertified®

Local Agent, Worldwide Marketing – Douglas Elliman Real Estate formerly Prudential Douglas Elliman Real Estate

Need rental housing? California has 6th-fewest vacancies in the U.S.

By JONATHAN LANSNER | Southern California News Group Columnist

California renters can pick through slim rental listings with a tiny bit of solace knowing they’re no longer facing America’s tightest market.

According to the U.S. Census Bureau, the statewide rental vacancies equaled 4.3 percent of all units in 2017. That was the sixth-tightest among the states … a mild improvement from a 3.6 percent vacancy rate in 2016, when California ranked No. 1 among for rental tightness.

Last year, empty rentals were more common only in Rhode Island, Washington, Vermont, New Hampshire and Maine. Overall, the U.S. vacancy rate was 7.2 percent last year, up from 6.9 percent in 2016.

Look, California wasn’t an easy place to rent before the Great Recession. It’s only gotten worse since.

Empty rentals in California ran……………………………..

Full story at The Mercury News

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