Property Management – Sherman Oaks

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Rents are still rising, but not as fast as might be expected given the supply constraints. The culprit: weak income growth.

“Landlords would like to raise rents faster, but most tenants simply can’t afford to pay more right now,” said Severino.

While single-family home prices are recovering, and sales are picking up, younger Americans are still cash-strapped and some lack the credit scores to qualify for a home loan. That has left more of them renting. Household formation is increasing, but not nearly as quickly as some had predicted.

By: Diana Olick | CNBC Real Estate Reporter

Carnahan Property Management services Woodland Hills,West Hills, Calabasas, Canoga Park, Tarzana, Reseda, Topanga, Encino, Northridge, Van Nuys,North Hills,Chatsworth, Sherman Oaks, Studio City, North Hollywood, West Hollywood, San Fernando, Granada Hills, Mission Hills, Simi Valley, West Lake Village, Agoura,Toluca Lake, Valley Village, Burbank