Bay Area realtor, economist predict rents will rise 5% to 10% by end of the year

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Bay Area realtor, economist predict rents will rise 5% to 10% by end of the year
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Oakland is reporting the largest decline in luxury home sales among the country's 50 most populous metro areas - a 63.9% drop. San Jose is not far behind reporting a 55% drop.

Canlas studies trends across the Bay Area real estate and rental markets. He's seeing first-hand how the interest rate hikes are impacting the local housing market.

Oakland is reporting the largest decline in luxury home sales among the country's 50 most populous metro-areas - a 63.9 percent drop. San Jose not far behind reporting a 55 percent drop.

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