Rents in Los Angeles and Orange counties up 5.6%! That’s the biggest hikes since 2007!
More bad news for local tenants: Rents are rising at the fastest pace in 12 years, according to the local Consumer Price Index. The U.S. Bureau of Labor Statistics reports the slice of the CPI tracking the cost of renting show this expense in Los Angeles and Orange counties rose at a 5.6% annual rate…