The job growth graph through May 2010 continues to spike up in a strong V-shape on both sides of the Bay while the San Jose metropolitan area has added net jobs each month for the last six consecutive months starting last December, 2009. Both San Francisco/Peninsula and the East Bay added jobs in May but since some of those are temporary census jobs we may have to wait a couple more months to see if this increase in job growth continues. Meanwhile fixed rates on apartment loans continue to plummet as money flows into the US bond market. With cap rates up, interest rates coming down and the worst of the rental market dip behind us I think it is a good time to wade back into the apartment market.