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News and Events

It’s Not Just Homeowners: Multifamily Owners Are Building ADUs Too

Accessory Dwelling Units (ADUs) are a big topic in housing circles right now, and for good reason. Amid an ongoing housing crisis that is demanding solutions, ADUs are seen as one of the tools in which to tackle it. Accessory Dwelling Units (ADUs) are a big topic in housing circles right now, and for good reason. Amid an ongoing housing crisis that is demanding solutions, ADUs are seen as one of the tools in which to tackle it.

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How Much Can My Rent Go Up Right Now? Here’s Your LA Rent Hike Cheat Sheet

Trying to understand how much your rent can go up? For tenants in Southern California, it’s confusing. State law in California currently allows annual rent hikes of up to 8.8% for many apartments in L.A. and Orange counties. However, different parts of SoCal — and other parts of the state — have very different rules on rent increases. Some cities have local forms of rent control. Others don’t.

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Apartment Concessions Undercutting Rising Rents

Residential rental concessions are hitting a two-year high with 30% of listing offering at least one concessions, according to Zillow based on its own rental listings. The previous recent high was in February 2021, where 37% of listings offered concessions. Because the data set is all through Zillow, it would be considered self-selected and so unlikely to be statistically representative of the entire country. However, it also is a large number of rental listings and not something to be ignored offhand.

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USC: SoCal Apartment Rents Will Rise 2% to 4% In Coming Years

Apartment rents are expected to grow between 2% and 4% in the next two years in all five Southern California housing markets, according to the new University of Southern California Casden Real Estate Economic Forecast. In Los Angeles County alone, rents are projected to grow 2% over the next two years.

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LA Local News L.A. City Council Moves Forward to Strengthen Housing Inspection Program

LOS ANGELES (CNS) - The Los Angeles City Council Wednesday approved a motion seeking to improve the city's housing inspection capabilities to ensure timely and quality repairs for renters, and to encourage tenants and landlords to fully participate in the process.

The Council voted 12-0 on the matter. Council members Paul Krekorian and Curren Price recused themselves because they are landlords, and Councilwoman Monica Rodriguez was absent during the vote.

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LA City Council Members Reject Rent Freeze Extension, Propose Lower Increases

In a heated committee meeting on Wednesday, Los Angeles city councilmembers struck down a proposal for a six-month extension on a pandemic-era ban on rent hikes that has covered most L.A. apartments for the past three-and-a-half years.

Instead, the council’s housing committee voted to advance a plan that would lower allowable rent increases scheduled for Feb. 1 from 7% to 4%. A rule that allows an additional 2% for landlords who cover gas and electric costs will remain, bringing the highest allowed increase to 6% in some cases.

That plan will now advance to the full city council for a final vote.

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