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VACANCY RATE DROPS TO 2.6
A
survey by the SDCAA reports a decline in available vacancies ("Vacancy rate")
from 4.1 last spring to 2.6 but may be due to "temporary .factors".  As has been a historical trend,
higher rents usually follow when vacancy rates drop.

SAN DIEGO MOVING TOWARD STRICTER REGULATION OF "MINIDORMS"
The San Diego City Council acted to strengthen the 'Minidorm" ordinances it passed in 2008.
"Rooming houses" were difficult to identify but the revised ordinance seeks to correct that by calling them a  "dwelling unit where three or more rooms, excluding kitchens and bathrooms, are rented to three or more individuals under three or more separate rental agreements or leases."  See the article in the
UT

FOR LEASES ON OR AFTER JULY 1, 2015, LANDLORDS
TO ALLOW VEHICLE CHARGING STATIONS

AB 2565 provides that for leases entered into, extended or renewed on or after after July 1, 2015, landlords shall now allow tenants to install vehicle charging stations at residential and commercial properties under certain and specific conditions.

SHORT TERM RENTALS

See the article in the UT
(5/16/15)
"Calls for short-term-rental controls spreading"

SAN DIEGO RENTS STILL ON THE RISE
See the article in the UT (4/14/15)
"Why your rent won't stop rising"

SAN DIEGO RENTS ROSE AN AVERAGE OF $55 PER MONTH IN 2014
Rents in San Diego rose by an average of $55 per month in 2014, according  Zillow Inc.
"Over the past fourteen years, rents have grown at twice the pace of income due to weak income growth,
burgeoning rental demand, and insufficient growth in the supply of rental housing."
(
Zillow Chief Economist Stan Humphries) See the full article in the Times of San Diego

APARTMENT RENTS RISE, VACANCIES FALL
"The rents are going up and the vacancies are going down," said Russell Valone, MarketPointe
president. (according to an article in the  Daily Transcript)

FORECLOSURE SETTLEMENT WITH SUN TRUST MORTGAGE
Attorney General Kamala D. Harris announced (on June 17, 2014) a $550 million joint state-federal settlement
with mortgage lender and servicer SunTrust Mortgage Inc. to address mortgage origination, servicing, and foreclosure
 abuses. The three-year settlement provides direct payments to California borrowers for past foreclosure abuses, loan modifications and other relief for borrowers in need of assistance, and tough new mortgage servicing standards, and grants oversight authority to an independent monitor
.

Project 25 in San Diego which is a program providing housing for the homeless
may come to an end because it could be
"out of money"

VACANCY RATES DROP TO RECORD LOWS
Low vacancy rates make it harder to fine a rental unit based on increased demand
and little new supply. 
See the article in the Times of San Diego

FORECLOSURES  DROPPING IN SAN DIEGO COUNTY
See the article in the  UT

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California law for San Diego is applied in these pages.  Such laws may or may not be applicable in other jurisdictions and may no longer be applicable.  The information provided herein is of a general nature and is not intended to be taken as specific legal advice.   Legal summaries are only the opinion of the Tenants Legal Center and are not intended nor should they be relied upon as any specific representation of any law.  For legal advice in a particular situation, promptly consult with an appropriate attorney.