Inman

Zillow Rent Forecast predicts high rental appreciation trends in LA

Singkham / Shutterstock.com

The national Zillow Rent Forecast was reported January 22, expecting rent appreciation to cool a bit in 2016. According to the report, rent increases are expected to slow to an annual rate of 1.1 percent by December 2016.

“The slowdown in rental appreciation will provide some relief for renters who’ve been seeing their rents rise dramatically every single year for the past few years,” said Zillow chief economist Dr. Svenja Gudell.

“However, the situation remains tough on the ground: rents are still rising and renters are struggling to keep up.”

In LA, renters may see an uptick in prices, according to the ZRI.