FYI, this is the latest San Diego rental market report from Zillow. The annual rent increase is still around 5% for the region. This is hardly surprising if you pay attention to the time series data from the BLS. Look at the number of jobs that are created for the past year from July 2014 to July 2015: there are over 48,200 jobs that was added! And the breakdown of the type of jobs that are added, a 7.4% increase in high paying professional, scientific and technical job. 4% increase in health care. I mean what do you really expect to happen when you have a strong job growth and lacks of new housing inventory unless you think the government is really faking the jobs number….
Moreover, look at the labor force chart. The labor force is increasing rapidly again. Draw your on conclusions what you think will happen in the future.
