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Rental Prices on the Rise in Sacramento

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Bethany is chatting with Svenja Gudell, Zillow Chief Economist, about rental prices in the area. In Sacramento, rental prices are on the rise and this will have a big impact on residents. Zillow finds that despite growing number of renters in the market, most new apartment construction is high-end units -- they think the best solution is to include more affordable housing. Zillow analyzed median rents in 15 major housing markets across the country and found that median rent for the least expensive third of apartments was outpacing the overall rental market. In Sacramento  the price of the least expensive rental homes rose 33 percent over the last year, while overall median rent rose just seven percent.