Latest NEWS about Housing in the Inland Empire:
March 10, 2023 – The Center Square
California home to some of nation’s shakiest housing markets
(The Center Square) – A Special Housing Risk Report looking at fourth-quarter 2022 housing market vulnerabilities in various counties across the United States found that inland California ranked among those
March 10, 2023 – By HousingWire
ADUs are gaining popularity on the West Coast
Accessory dwelling units (ADUs) are growing in popularity, as evidenced by an uptick in permits and construction on the West Coast.
March 3, 2023 – By Yahoo
Home Prices Will ‘Bottom Out’ in 2023, According to Experts
Home prices are expected to bottom out in 2023 and return to a more normal growth rate, according to a recent Zillow survey of housing experts. See: 8 Places in California Where Home Prices Have…
March 2, 2023 – By Fortune
99% of borrowers have a mortgage rate lower than 6%
‘I can’t afford to sell because I don’t want to lose that rate’: 3% mortgage rates will loom large over the U.S. housing market for years to come
March 2, 2023 – By BizJournals
Housing California’s Chione Flegal on affordable housing problem - Sacramento Business Journal
Chione Flegal is executive director of Housing California, a nonprofit advocacy group on housing issues and a policy institute.
March 2, ,2023 – By LBM Journal
Zillow survey expects home prices to fall this year, then pick up in 2024
Experts say affordability challenges are still dragging down demand for homes.
March 2, 2023 – By Globest
Inland Empire NASCAR Track to Be 6.6M SF Logistics Hub | GlobeSt
Hillwood and CBRE Investment Management acquire Auto Club Speedway in Fontana for $559M.
March 2, 2023 – By CapRadio
What’s working and what’s next in California’s fight for affordable housing?
Housing advocates say California’s environmental law gets in the way of building enough housing. Sen. Scott Wiener said he will introduce reforms to make CEQA “pro-housing and pro-climate.”
March 1, 2023 – By ConnectCRE
Report: Southern California Home Sales Tank to Record Low - Connect CRE
Southern California homes sales plummeted in January amidst higher mortgage rates, as data from a new CoreLogic report indicates a 43% drop from January of 2022, marking 14 consecutive months that sales numbers were below year-ago levels. The 9,938 closed sales in January 2023 is a new record low fo…
March 1, 2023 – By GoBankingRates
How California’s Housing Crisis Has Changed
Homebuyers in the Golden State are facing different challenges.
March 1, 2023 – By REBusinessOnline
Inland Empire Multifamily Market Poised for Great Future
— By Shane Shafer, Managing Director, Northmarq — The Inland Empire submarkets have maintained rent increases, low vacancy rates and employment growth. Plus, unlike other Southern California markets, the IE has seen […]
February 27, 2023 – By KTLA5
California homes are selling below asking price: Can you bid low?
For most of the last decade, buying a California home meant deciding how much over the asking price you were willing to bid. However, a cooling market gives some house buyers more power and a bit m…
February 24, 2023 – By The Real Deal
Redlands Considers Ban on Distribution Warehouses
City Council asks staff to research issue, while Inland Empire city’s mayor says: “We don’t need more warehouses.”
February 24, 2023 – By Business Insider
Inside California’s tiny-home takeover
The tiny-home craze taking over the Golden State could spread across America as lawmakers ponder the benefits of accessory dwelling units.
February 23, 2023 – By CalMatters
Pushback to Inland Empire warehouse boom spans California’s economic, racial divides
The Inland Empire warehouse boom is worsening pollution across the region and threatening to displace residents in San Bernardino.
February 23, 2023 – By The Hill
Housing market lost $2.3T in value in second half of 2022: study
The U.S. housing market suffered the largest decline in home values since 2008 as buyer demand slowed partly in reaction to rising mortgage rates. A new report from real estate brokerage sit…
February 23, 2023 – By CBS News
Home values take sharpest drop since the 2008 housing crisis
Rising mortgage rates have pushed many buyers out of the market, hurting home prices in some cities.
February 17, 2023 – By MReport
New Home Purchase Mortgage Applications Decrease in January
The Mortgage Bankers Association’s (MBA) Builder Application Survey (BAS) data for January 2023 show…
February 17,, 2023 – By Globest
SoCal Developer: Builder’s Remedy Not a Solution to Housing Crisis | GlobeSt
Huntington Beach defies state attorney general’s warning not to block builder’s remedy projects.
February 16, 2023 – By CAR
California home sales inch up in January for second straight month as prices moderate further, C.A.R. reports
/PRNewswire/ -- California home sales edged up in January for the second straight month, as interest rates continued to take a breather, but still remained…
February 13, 2023 – By The Center Square
Bill introduced to fast track housing when California cities fall short of goals
(The Center Square) - On Monday Democratic Senator Scott Wiener along with advocates for high density affordable housing for low- and middle- income communities announced a new bill to ensure
February 13,, 2023 – By GoBankingRates
Housing Market: 6 Trends To Know for February 2023
Get expert takes of mortgages, regions for growth and more.
February 12, 2023 – By GVWire
California’s Housing Duel Between State and Local Governments Intensifies
Share with friendsThe long-simmering duel between California’s state and local governments over housing is entering a new and more confrontational phase. Local governments in the San Francisco Bay Area had until Jan. 31 to submit plans for meeting their state-imposed quotas for facilitating housing…
February 10, 2023 – By JDSupra
California’s Multi-Family Market Remains Bullish Despite Economic Uncertainties | JD Supra
Developers and investors continue to build up California’s multi-family housing market despite economic and supply chain challenges. Marc Renard,…
February 9, ,2023 – By CalMatters
Mortgage costs lock out California home buyers
The state housing market is less affordable after mortgage interest rates increased costs for many potential buyers last year.
February 9, 2023 – By C.A.R.
A surge in mortgage rates and elevated home prices dampened California’s housing affordability in fourth-quarter 2022, C.A.R. reports
Seventeen percent of California households could afford to purchase the $790,020 median-priced home in the fourth quarter of 2022, down from 18 percent in…
February 9, 2023 – By BankRate
Opinion: How California’s duplex law was designed to fail
Officials should undo needless restrictions in 2021 legislation to help tackle California’s housing crisis.
February 3, 2023 – By CalMatters
California housing politics enters uncharted waters
Most cities across the Bay Area blew past a state deadline to show how they planned to approve enough housing over the next decade.
January 30, 2023 – By CBS News
Environmental groups calling for warehouse moratorium in the Inland Empire
Across the Los Angeles County line, a vast sea of warehouses fills much of the Inland Empire as many retailers have turned the region into a hub for their distribution operations. The organizations consist of online retailers such as Amazon and more traditional companies like grocery stories. And w…
January 30, 2023 – By ConnectRE
Breaking News: Inland Empire Groups Urge California Gov. to Stop New Industrial Development For Up To Two Years - Connect CRE
A letter to California Governor Gavin Newsom urges him to impose a one- or two-year moratorium on new Inland Empire industrial facilities, saying the region’s ongoing logistics boom threatens public health. The statement, issued by over five dozen groups, says the massive expansion of the IE logisti…
January 30, 2023 – By Multi-Housing News
Inland Empire Multifamily Report – December 2022
Yardi Matrix’s latest Inland Empire multifamily report features a snapshot of the area’s rent, employment, construction and sales activities.
January 30, 2023 – By ConnectCRE
Inland Empire Homebuying Slows to a Crawl - Connect CRE
Rising interest rates and soaring inflation have led to a massive 48% drop in December home sales in Riverside and San Bernardino counties, according to new data from CoreLogic. It was the fourth slowest December and the ninth slowest month overall since records have been kept during the past 35 yea…
January 30, 2023 – By DS News
Housing Market Begins to Recover from November Low
The housing market has begun to recover after hitting a low point in the second week of November, ac…
January 30, 2023 – By Business Insider
Here’s why the housing market could see more action this year - and what it means for affordability
Insider’s Phil Rosen explains what the latest housing and lumber data suggest for the home market in 2023.
January 28, 2023 – By AS.com
Housing market: Will home prices drop in 2023 in California?
It will be fascinating to watch where housing values are in late January after a month of heavy rainfall in Northern California.
January 27, 2023 -By CBS News
Southern California housing market cools
While the housing market is cooling, that doesn’t mean it is no longer competitive.
January 27, 2023 – By MarketWatch
The housing market is ‘thawing’ from a ‘months-long freeze,’ Freddie Mac says, as mortgage rates continue their downward trek and Fannie Mae chief economist sees house prices dropping in 2023 and 2024
Thursday’s top personal finance stories.
January 25, 2023 – By Fox Business
US housing market shows early signs of recovery as demand rises
Pending home sales climbed 3% in December, evidence the housing market is stirring back to life as mortgage rates continue to fall from a record high.
January 25, 2023 – By CNBC
Weekly mortgage demand jumps 7% as interest rates drop to lowest level since September
Mortgage interest rates fell for the third straight week, while mortgage demand rose again.
January 23, 2023 – By CalMatters
California housing shortage triggers cycle of despair
California’s chronic housing shortage causes sky-high costs, the nation’s worst poverty and its highest level of homelessness.
January 23, 2023 – By VC Star
California housing shortage triggers cycle of despair
Everyone in California knows that the state has an immense shortage of housing that persists despite efforts by its politicians to jump-start construction.
January 17, 2023 – By The Real Deal
Study: IE Has the State’s Wildest Home-Price Swings
The region making up Riverside and San Bernardino counties is home to the state’s largest large gyrations in home values.
January 17, 2023 – By Calculated Risk Blog
Update: The Inland Empire
Way back in 2006 I disagreed with some analysts on the outlook for the Inland Empire in California. I wrote : As the housing bubble unwin...
January 17, 2023 – By Yahoo
Real Estate CEOs, Economists & Other Experts Predict a “Less Crazy” Housing Market in 2023, But Expect Any Improvements to be Gradual
Consumers should return to fundamentals and treat real estate as a long-term investment,according to the Point 2023 Real Estate Expert SurveyPalo Alto, Calif., Jan. 17, 2023 (GLOBE NEWSWIRE) -- While there is no clear consensus about what will happen to mortgage rates and home sales in 2023, the rea…
January 16, 2023 – By DS News
Fannie Mae: Housing Market May Be More Vulnerable Than Projected
According to a new Fannie Mae housing report, single-family housing was an unintended beneficiary of...
January 16, 2023 – By GoBankingRates.com
With Home Prices Falling, Some Consumers Are More Optimistic About Buying
Home prices have been dropping since June 2022.
January 12, 2023 – By Yahoo Finance
The Fed’s ongoing housing market ‘reset’ sees buyer cancellation rate at one of the nation’s largest homebuilders spike to 68%
KB Home announced that its buyer cancellation rate in the fourth quarter of 2022 spiked to 68%. That’s up from 13% in the fourth quarter of 2022.
January 12, 2023 – By Yahoo Finance
How Will Fed Interest Rate Increases Impact the Housing Market in 2023?
Higher mortgage rates and severe affordability challenges made a major impact on the housing market in 2022. With interest rate hikes in the hands of the Federal Reserve and a presumed recession...
January 10, 2023 – By Connect CRE
Report: Inland Empire Industrial Vacancy Creeps Upward - Connect CRE
The Inland Empire, one the hottest industrial markets in the nation, is starting to show signs of a slowdown, according to a new report from Savills. In the fourth quarter, industrial vacancy in the region creeped upwards 70 basis points year-over-year, and now stands at 2.2%, while absorption dropp…
January 10, 2023 – By The MReport
Home Sales Slump as November Marks Biggest Decline on Record
According to a new report from Redfin, home sales fell 35.1% year-over-year in November on a seasona...
January 10, 2023 – By Bloomberg
California Faces First Budget Gap Since 2018 as Stock Market Hits Taxes
Governor Gavin Newsom said California will face a $22.5 billion budget deficit in the coming fiscal year, the first for the most populous US state since 2018 as the global stock market rout and efforts to cool inflation hammer its tax collections.
January 5, 2023 – By Go Banking Rates
Millennials Earning $100K+ No Longer Drawn to California and New York — What’s Driving Them Elsewhere?
Texas and Florida are hot places to move to.
January 5, 2023 – By The LA Times
For first time, California civil rights officials file lawsuit alleging Section 8 discrimination
The California Civil Rights Department sued two landlords, alleging they discriminated against a Section 8 tenant. It was the first such suit the department brought.
January 5, 2023 – By The MReport
Sellers Grant Record Share of Concessions to Homebuyers in Q4
Concessions have made a comeback as rising mortgage rates, inflation and economic uncertainty have d...
January 5, 2023 – By Redfin News
Housing Market Update: Pending Sales Drop to Lowest Level Since at Least 2015
The homes that are selling are going for about the same price as a year earlier, with nationwide prices up just 0.5% year over year--smaller than the 0.7% increase at the onset of the pandemic when the market reached a near standstill. Measures of early-stage homebuyer activity are mixed, with reque…
January 4, 2023 – By The Real Deal
SoCal Home Prices Fall for Sixth Straight Month
Value declines have wiped out most of the gains during the first half of 2022, with the median house now costing $690,000.
January 4, 2023 – By Capital.com
Housing Market Recession | Will The Recession Affect The Housing Market?
What is a housing market recession? How does it start, what are the causes, and when does it end? Read on to learn more.
January 2, 2023 – By Forbes
Luxury Home Sales Plummet 38%, The Biggest Decline On Record Driven By Inflation, Recession Fears
Inflation, relatively high interest rates, a sagging stock market and recession fears contributed to the downturn.