Commercial real estate firm Marcus & Millichap is expecting that Riverside and San Bernardino county residents will continue finding jobs as 2012 moves along. An estimated 22,700 jobs were created in the two-county region last year, most of them in the late summer and fall.
That means a lot of people will move out of their parents’ houses, but few are likely to have the savings or the credit scores to get into the home buyers market. Many will look for rentals, and the law of supply and demand is likely to drive rents up.
via REAL ESTATE: Apartment markets will get even tighter | Breaking News | PE.com – Press-Enterprise.