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Rent prices in the Southland may be topping out
Rent prices in the Southland may be topping out

Rents in Southern California may be running out of room to climb. The growth in apartment rents has slowed noticeably this year, according to new figures out Wednesday, the latest sign that housing is becoming too expensive for many Angelenos. The average price for an apartment in Los Angeles County hit $1,471 in the second quarter, according to real estate data firm Reis Inc. In Orange County it reached $1,611. That's an increase in both places — up 2.5% in Los Angeles compared with last year, and 2.4% in Orange County — but slower than the national average increase of 3.3% and far behind the scalding pace set in technology hubs like the Bay Area and Seattle. ...

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