A for-rent sign is posted in front of an apartment building in Los Angeles, where rental prices reportedly fell 2.5% in February 2024. L.A. rental prices may be cooling. Here’s what that feels like:A new data point suggests that the L.A. region’s notoriously high-priced rental market may be cooling. Rental prices decreased by 2.5% in February in Los Angeles County compared with a year earlier, Times staff writer Terry Castleman reports. Above, one of its driverless cars in downtown L.A.(Allen J. Schaben / Los Angeles Times)TransportationPoliticsCrime and courtsMore big storiesGet unlimited access to the Los Angeles Times.

Source: Los Angeles Times March 14, 2024 13:30 UTC