Low housing supply pushing rents higher

As has been known for a long time, Southern California is an increasingly expensive place to live. With the construction and availability of new housing stock not keeping pace with the population, housing prices have continued to grow. According to several recent reports, rental markets have been especially impacted, with renters seeing consistent — and at times sharp — increases in their rents.
According to a recent report by Reis Inc., a commercial real estate data firm, rents cont