Rental Shows Positive Movement

I have recently talked with property managers in San Francisco bay area. They all told me that rents are going up and demand is strong now just like in 1999. See the following article as well as one of the supporting news.

See the article of Multifamily Sector Shows Positive Movement on 10/18/2011 here.

While the homeownership rate falls, rental demand rises bringing rental rates up and apartment vacancies down – all of which has led Freddie Mac’s chief economist to label the multifamily sector “a positive signal for the U.S. housing industry.”