The real estate market in Northern California valley continues to retreat.  Normally, this type of sales market translates into a rising rental market.  But this has not happened yet.  It seems that sellers who cannot sell are renting their properties in large numbers and this is adding supply to the rental stock.  With rising inventories, rental prices are remaining stagnate.  We are losing some supply to foreclosures still, but not enough to make a difference. 

I would look to the summer for the rental market to rise a bit.  The overall economy is not great, so rents will not be able rise much.

Our 2nd Quarter Rent Survey will be published in the next two weeks.  If you would like a survey, send an email to me at rmachado@HomePointe.com or visit our website at www.HomePointe.com and click on Owner Services.  There you will find our most current and past surveys.

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