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Rentalrealitiesareshi ing By Marilyn Kennedy Melia CTW FEATURES Theapartment market experienced an upheavalin2020, with rates landing higherin some places and top- plingfromtiptop levels incities including San Francisco, LosAngeles, Washington D.C., Bos- ton,Seattle, andNew York. Thereshuffling re- sultsfromthe surgein remotework and job losses, withmanymi- gratingforlower-cost housing.Nowapart- ment shoppersfacea totally different,evolv- inglandscape. Bigcities, brightchoices Renters inhigh- costcitiesareseeing currentrates onapart- ments droppingan averageof15.2 percent frompre-COVID-19 levels, accordingto researchfromZumper, which tracksrental charges. Neil Gerstein, Zumperdata and growthanalyst, expects "priceswill likelycon- tinuetodecline,butat aslowerrate…inthe short-termatleast." Besidesthepos- sibilityoffindinga leasewith alowerrate than theypaid earlier, rentersmaybeableto negotiate"concessions suchas discounted parking or amenity fees,"saysBrian Car- berryofApartment Guide. Differenttalesin neighboringareas Acrossthecountry, in citiesin thesame general metro, onesaw an increasewhile the otherexperiencedrent ratedrops.Most dra- matically,ratesfellin NewYork City,but rose in Newark, N.J. InFort Worth, Texas, ratesde- clinedabout 5%, while Arlingtonwas upabout thesame;Madison, Wisconsin,becameless expensivewhile Mil- waukeepricesrose. Moving nearby but saving on ratesat- tractedscared workers. In some places, the neighboring citywill still offer lower rates; itdepends on thede- mand dynamics inthat metro area. "Renters will justneedto priori- tize"whatthey're will- ing to payfor acertain location and amenities, Carberrysays. Willthenew lovelast? Landlords in cit- iessuch as St. Louis, Cleveland and India- napolis were happy in 2020 because rental demand increased due to an influx of people seeking"lower costof living butequal quality of life,"Carberrysays. Whether migration trends reverse backis an open question. Nomatter where they're living, renters should prepare for the possibilityofarent hikewhen theyrenew again in 2022, Car- berryadvises. By The Numbers The mortgage tally $16.01 trillion This is the value of mortgage debt in the U.S. Source: Statista Welcome to Bristowe - the newest addition to the North Village mas- ter planned community! Bristowe at North Village features single and two story homes ranging in size from approximately 1,815-3,344 sq. ft. four different floor plans offer 4-5 bedrooms, 2-4.5 bathrooms, and room options to customize your new home. North Village is close to com- mute routes, shopping, schools, and recreation. Find your dream home at Bristowe at North Village! Sales Office and Models open by appoint- ment only, please call or visit us on- line to schedule an appointment. 225 Gannet Street Vacaville, CA 95688 57VACAVILLE BRISTOWEATNORTHVILLAGE FromtheMid$600,000s (707) 474-9918 seenohomes.com 38.395 -121.912 38.404942 -121.942882 Riverchase is a new home com- munity in West Sacramento, featuring a collection of 222 two story contemporary homes wrapped around a private, central park. Homes range in size from 1,559 to 1,835 sq. ft. Riverchase offers close proximity to down- town with the comfort and peace of mind of a quiet suburb. Call to schedule a private walk through. Located at 3131 Bobwhite Court in West Sacramento. 58 WEST SACRAMENTO RIVERCHASE From the Low $400,000s (916) 462-6888 Riverchase.net 38.5432001 -121.5764771 38.5432001 -121.5764771 Interest list now forming. Wel- come to The Tides at Newport, West Sacramento's premier new home community. Find spacious two-story homes ranging in size from approximately 2,377-2,812 sq. ft., with 4-5 bedrooms and 2.5-3 bathrooms. Enjoy an ideal setting just minutes from down- town Sacramento, the Sacramen- to River, and the American River. Shopping and dining are just a short walk away at the Southport Town Center, including a Nugget Market. The Tides at Newport is located off I-80 at Lake Washing- ton Blvd. 59 WEST SACRAMENTO THE TIDES AT NEWPORT Coming Soon! (888) 41-HOMES Discoveryhomes.com 38.55164 -121.5328637 38.55164 -121.5328637 An exciting new community in the charming city of Winters. Timeless single- and two-story home designs are matched with modern appointments and offer 1,780 to 2,778 sq. ft. Stones Throw will include parks, open space and an excellent living experience for those starting out, moving up or downsizing. Exterior architectural designs have been inspired by the area's distinct history and style and complemented by today's aesthetics. Model Location: 908 Wyatt Lane, Winters 60 WINTERS STONES THROW From the High $400,000s (916) 262-8800 HomesbyTowne.com 38.586 -121.874 38.5329378 -122.0126304 This beautiful new community located in the charming town of Woodland offers 4 floorplans featuring 1,702 – 2,607 sq. ft., 2-5 bedrooms, and 2-3.5 bathrooms. This Pines is in a great location near parks and walking trails. Small town charm of Woodland but convenient location near Hwy 113 and Interstate 5 for an easy commute to Davis and downtown Sacramento. Great schools. Open to tour by private appointment. 61 WOODLAND THE PINES AT SPRING LAKE From the High $400,000s (916) 597-4079, (877) 231-0059 WoodsideHomes.com/norcal 38.660 -121.723 38.657468 -121.751457 Reservedfor your New Home C ommunity . ContactSandyLekat slek@bayareanewsgroup.com H8 BAYAREANEWSGROUP 111 Homes | Advertising Section