Latest NEWS about Housing in the Inland Empire:
August 22, 2023 – By HudUser
August 21, 2023 – By The Real Deal
Starter Home Prices Have Doubled or Tripled in California
Since 2012, the percentage of first-timers who can afford a house falls to 32%, down from 66%.
August 21, 2023 – By Vox
How housing activists and unions found common ground in California
One of the biggest changes in state politics in years, explained.
August 20, ,2023 – By CalMatters
Which Bills Are California ‘Housing Killers’?
Share with friendsThe California Chamber of Commerce has its annual “job killer” list, with a track record of spiking bills that is the envy of other industry groups. By its count, only 58 of the 824 bills labeled “job killers” between 1997 and 2022 made it into law without at least significant chan…
August 20, 2023 – By VigourTimes
Challenges Faced by First-Time Buyers in Southern California: High Prices and Limited Inventory - Orange County Register - VigourTimes
Buying a home in Southern California can be a daunting and competitive process, according to first-time home shopper Imelda Pastrana. Despite having two
August 20, 2023 – By AOL
This millennial is priced out of the Los Angeles housing market—now he’s worried he’ll get priced out of Bakersfield too
“It just kind of was like, wow, are we going to soon be priced out of a home in Bakersfield?”
August 19, ,2023 – By Investopedia
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Could 7% Mortgage Rates Finally Sink Home Prices?
Home prices have remained steady amid a lack of inventory of homes for sale and persistent demand, but mortgage rates at a 21-year high may bring declines.
August 16, 2023 – By NBCRightNow
Home building has dropped off significantly after trending upward for over a decade
The lack of housing supply has been exacerbated by significant underinvestment in new housing since the Great Recession. New housing authorizations tend to fall temporarily during economic downturns, but the
August 16, 2023 – By Fox LA
California’s ‘median-price’ home is worth $830K: Here’s how much you need to make in each county to afford one
Housing affordability in California has dropped to a 16-year low, according to new real estate data.
August 15, 2023 v- By KTLA5
Housing affordability in California drops to 16-year low
Housing affordability in California hit a 16-year low in the second quarter of 2023, according to new figures released by the California Association of Realtors. The startling numbers come as inter…
August 15, 2023 – By GV Wire
California’s Population Declines Despite Increased Housing Construction
Share with friendsCalifornia is experiencing a unique demographic shift with its population dropping for the first time in recorded history. From January 2020 to January 2023, the state’s population shrunk by nearly 800,000 residents, as reported by California’s Department of Finance. Despite this d…
August 14, 2023 – By Press Enterprise
Sorry, LA, but Inland Empire will keep growing through 2060
Forecast shows LA losing population while IE keeps growing, columnist David Allen learns. Also: Riverside’s planned walking loop downtown gets state grant.
August 11, 2023 – By Yahoo
California housing affordability slides to lowest level in nearly 16 years during second-quarter 2023, C.A.R. reports
Housing affordability in California slid to the lowest level in nearly 16 years as interest rates stayed above 6 percent for the third straight quarter and home prices remained elevated by a shortage of homes on the market, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
August 11, 2023 – By New Geography
August 11, 2023 – By The M Report
Home Values Climbed in Nearly All Major Markets From June to July
Experts have reported that the continually warming housing market is showing signs of a typical late…
August 11, ,2023 – By ZeroHedge
SoCal Warehouse Slump: A Potential Warning Sign For Broader Economy
“SoCal is the canary in the coal mine for the US industrial market to some extent.”
August 11, 2023 – By Business Insider
The US housing market hits a record value of $47 trillion as the inventory shortage fuels a price boom
The total value of the US housing market topped last year’s record of $46.6 trillion, with a nationwide inventory shortage driving prices higher.
August 11, 2023 – By Fortune
California homes are so pricey that only 16% of the state’s residents can afford to buy one—and it’s only getting worse
Buyers in the second quarter needed a minimum annual income of $208,000 to qualify for a 30-year mortgage after a 20% down payment.
August 11, 2023 – By Bloomberg
Only 16% of Californians Can Afford to Buy a Home
Buying a home in California slipped further out of reach as interest rates climbed and scarce inventory bolstered prices.
August 10, 2023 – By Housingwire
1.2 million homes face wildfire risk in California
CoreLogic’s 2023 Wildfire Risk Report finds that wildfire risk is highest in California, Colorado and Texas.
August 9, 2023 – By Mortgage Orb
SoCal June Home Sales Down Nearly 25% Year Over Year as Prices Rise - MortgageOrb
CoreLogic released its monthly Southern California home sales report for June 2023, which includes data for new and resale single-family homes and resale condominiums from six counties in the region: Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura. The report shows Southern Cal…
August 9, 2023 – By Public Policy Institute of California
Large Cities Lose Population even as They Add New Housing
In a major shift, new housing in California now outpaces population growth. We look at what kinds of housing are being built where—and potential implications for affordability and future population patterns.
August 4, 2023 – By Off Plan Property Exchange
Southern California Industrial Real Estate Faces Challenges After Years of Growth
Southern California Industrial Real Estate Faces Challenges After Years of Growth - Off Plan Property Exchange
August 4, 2023 – By National Mortgage Professional
Homebuyers Face Rising Mortgage Payments Amid High Rates and Home Prices
The U.S. housing market is seeing remarkable shifts, as high mortgage rates and escalating home prices impact both buyers and sellers alike. A new report from Redfin has shed light on recent trends and their effects on the market.
August 3, 2023 – By Public Policy Institute of California
California’s Economic Outlook as Inflation Dips
Growth in prices has slowed from a year ago, but a number of challenges for the post-COVID economy remain—along with considerable uncertainty. Where does California stand, and what’s ahead?
August 1, 2023 – By Realtor.com
Guess Who’s Buying Fewer Homes? Inside the Housing Market’s Latest Record-Setting Low
Last year, international buyers snapped up 7.9% fewer residential properties than the same period a year ago. Here’s why.
July 31, 223 – By C-Span
Washington Journal: Lawrence Yun Discusses State of the U.S. Housing Market
Lawrence Yun, chief economist for the National Association of Realtors, talked about the state of the nation’s housing market and rising interest rates.
July 31, 2023 – By National Mortgage Professional
Mortgage Rate Tipping Point Revealed
A new Zillow survey says it’s uncovered the mortgage rate tipping point that will make homeowners more likely to move and help unlock the housing market. The survey found that homeowners with a mortgage rate above 5% are nearly twice as likely to say they plan to sell their home than those paying a…
July 28, 2023 – By The Real Deal
Fontana Nixes Trio of Warehouses, Citing Truck Traffic
City Council vote marks a rare win for activists against industrial projects in the Inland Empire.
July 28, 2023 – By Press Telegram
California house payment hits record $4,332 a month
That’s why California homes were bought at only a 277,490 annual pace in June – the 20th slowest month since 1990.
July 28, 2023 – By Real Trends
New report says real estate agents see the light at the end of the tunnel
AceableAgent recently compiled a survey to answer the question, “Is now a good time to be a real estate agent?”
July 28, 2023 – By Real Trends
Opinion: why real estate agents should serve their community
Agents can volunteer with organizations that aid the unhoused, neighborhood cleanups or educational initiatives.
July 25, 2023 – By The Hill
What needs to happen to fix the housing market? Experts have some suggestions
Homebuyers are staying on the sidelines as housing prices hit record levels and homebuilding and rental supply are failing to keep up with the demand. Home prices neared their all-time high la…
July 24, 2023 – By Bisnow
Developers Looking To Desert Markets’ Welcoming Communities And Open Spaces
Some desert markets are looking attractive because of their willingness to support industrial developments.
July 24, 2023 – By DSNews
Wildfire Impacts on California Property Values
According to a new report from CoreLogic’s Property Data Science Team, California is experiencing a…
July 24, 2023 – By GoBankingRates
Housing Market 2023: What Can We Expect for the Second Half of This Year?
Much of it depends on interest rates.
July 20, 2023 – By GoBankingRates
July 19, 2023 – By C.A.R.
Elevated interest rates and limited new listings suppress California home sales in June, C.A.R. reports
/PRNewswire/ -- Elevated interest rates and a shortage of homes for sale continued to dictate the market in June, as California home sales remained below the…
July 19, 2023 – By BuilderOnline
Realtor.com: Affordability Is ‘the’ Common Denominator for June’s Hottest Housing Markets
June’s markets with the most buyer interest and a faster sales pace are located in lower-cost metros in the Northeast and the Midwest.
July 10, 2023 – By LA Times
You don’t need this report to know California’s housing market is grim, but here you go
Markets have cooled a bit, but costs remain higher than before the pandemic as renters face an increasing lack of affordable options.
July 7, ,2023 – The Real Deal
SoCal Home Buyers Open Their Wallets in New Bidding Wars
Almost half of May’s sales closed above the asking price, up from 25% in January, according to Redfin.
July 7, 2023 – By The M Report
Housing Market Confidence Remained Flat in June
While homebuyer confidence has continually fluctuated due to evolving economic conditions, the Fanni…
July 5, ,2023 – By Yahoo
Is the rental market cooling off? Here’s how California cities compare to US, new study says
This California metro area was the only one in the state to see an increase in median rent prices.
June 30, 2023 – By CennectCRE
Inland Empire Industrial Vacancies Tick Upward in Q2 - Connect CRE
Direct vacancies for Inland Empire industrial real estate continued to tick upward during the second quarter, according to Kidder Mathews.
June 29, 2023 – By Spectrum News
A small city’s battle over building highlights California’s housing crisis
How community leaders are fighting back against NIMBY-ism
June 29, 2023 – By Spectrum News
A lack of home insurance options could impact California’s housing market
Host Alex Cohen interviews climate journalist Molly Wood
June 28, 2023 – By Forbes
California Housing Market
The California real estate market is one of the most expensive in the U.S. that’s adjusting to higher mortgage rates and rising inflation. However, the Golden State housing market remains healthy in its various regions, including the tech-savvy Bay Area and multi-faceted Southern California. Ca
June 28, 2023 – By BollyInside
– The California real estate market is expensive and adjusting to higher mortgage rates and rising inflation.– The market remains healthy in regions like
– The California real estate market is expensive and adjusting to higher mortgage rates and rising inflation.– The market remains healthy in regions like
June 28, 2023 – By Brookings
In California, statewide housing reforms brush against local resistance | Brookings
Since 2017, California lawmakers have passed over 100 pieces of legislation intended to combat the growing housing affordability and availability crisis. National observers have focused particularly on laws that legalize building accessory dwelling units (ADUs) and duplexes in all residential areas,…
June 28, 2023 – By The Real Deal
Real estate Hiring Strong in SoCal During
Construction accounted for most of the industry’s job growth in the region last month.
June 26, ,2023 – By Mondaq
New California Housing Laws - Landlord & Tenant - Leases - United States
AB 2011 (Wicks) provides for “by right” streamlined ministerial (i.e., no CEQA) approval of qualifying mixed-income and affordable housing projects along commercial corridors in commercial zoning districts.
June 26, 2023 – By Vigour Times
Southern California’s property job market thrived in May, discrediting any notion of a real estate slump, according to Orange County Register. - VigourTimes
The “Looking Glass” provides insights into economic and real estate trends by presenting two different perspectives: the optimist’s “glass half-full” and the
June 24, 2023 – By Fortune
Real estate agents are feeling the pain: Housing market golden handcuffs are very real
All those 2% and 3% mortgage rates—a policy outcome of the COVID-19 recession—are now acting as golden handcuffs.
June 23, 2023 – By CAFWD
How California’s Tax System Puts Up Barriers to New Housing
CA FWD report details the dilemma resulting in much less new housing in L.A. County’s Gateway Cities
June 22, 2023 – By Yahoo
Housing: Another dip in mortgage rates can’t offset homebuyers’ inventory woes
The 30-year fixed mortgage fell to 6.67% this week, down from 6.69% the previous week and the third straight week of declines.
June 22, 2023 – By Business Insider
The housing market is seeing its worst inventory shortage in over a decade as high rates trap homeowners and slow the spring homebuying rush
Home listings dropped 7% in May to 1.4 million, the lowest number of available homes in Redfin’s records, which date back to 2012.
June 22, 2023 – By Orange County Register
Looking for a housing price crash? That’s unlikely, real estate economists say
The nation’s housing market is going through a correction, not a crash.
June 20, 2023 – By C.A.R.
Interest rate reprieve boosts California home sales to highest level in eight months, C.A.R. reports
/PRNewswire/ -- California’s housing market rebounded in May as home sales surged to the highest level in eight months and the statewide median price notched…
June 20, 2023 – By Newsweek
California’s housing market gets a lifeline
The Fed’s decision to pause its rate-hiking program could help unlock more homes for sale in California, a market which is struggling with supply.
June 20, 2023 – By KQED
Lack of Affordable Housing Is Driving Older Californians Into Homelessness | KQED
‘Far too many Californians experience homelessness because they cannot afford housing,’ said Dr. Margot Kushel, director of the UCSF Benioff Homelessness and Housing Initiative.
June 15, 2023 – By Costar
Inland Empire Industrial Vacancy Doubles in Less Than a Year
Full Construction Pipeline Provides Additional Logistics Options
June 15, 2023 – By CNBC
June 15, 2023 – By CalMatters
Renters’ rights: California advocates chip away at landlords’ political influence
Groups pushing tenants’ rights see victories and silver linings in recent efforts to pass renter friendly legislation.
June 8, 2023 – By CNBC
The shortage of houses is hitting some people and areas harder than others
The U.S. is facing a shortage of affordable houses relative to only a few years ago, and it’s hitting cities such as El Paso, Boise and Spokane the hardest.
June 8, 2023 – By The Real Deal
California Ranks No. 2 on the Renter-to-Owner Ratio Scale
Half the homes in the state are occupied by tenants with a high financial premium for home ownership.
June 8, 2023 – By MarketWatch
‘California is behind the rest of the country’: A new bill aims to limit security deposits for renters
Assembly Bill 12, which was first introduced in December, passed a proposal in late May. The bill proposes to limit security deposits to one month’s rent.
June 8, 2023 – By HousingWire
Median income earners can only afford 25% of current listings
A report from NAR and Realtor.com found that the housing shortage would be less severe if there were enough homes for all income levels.
June 8, 2023 – By Bloomberg
Why Are Insurers Fleeing California?
Climate change is increasingly central to the insurance business. Republicans would rather look the other way.
June 7, 2023 – By KPVI
California Has a 4.1% Rental Vacancy Rate, 13th Lowest in the U.S.
An important economic indicator, the country’s rental vacancy rate—or the measure of rental homes that are vacant in a given area—signals the balance between supply and demand for rental homes.
June 7, 2023 – By Yahoo
Housing Market 2023: Coming Commercial Mortgage Crisis Could Poison the Economy
Despite assurances by the Fed’s Jerome Powell that the banking system is “strong and resilient,” a looming mortgage crisis has the potential of throwing the economy its next curveball. See: 10 US…
June 7, 2023 – By The Business Journals
5 changes California can make to stop businesses from leaving the state, according to Chamber of Commerce report - L.A. Business First
Businesses are continuing to leave Southern California, deterred by the state’s lack of affordable housing, high cost of living, high taxes and tough regulatory environment. A recent report found that the key to business retention may lie in regional policy.
June 5, 2023 – By Press Democrat
How California developers gained new leverage to build more homes
A new interpretation of an old law gives homebuilders leverage over California cities and their zoning codes.
June 5, 2023 – By Southwest Journal
8 California Cities Experiencing a Sharp Decline in Home Prices: From Boom to Bust
Discover the 8 California locations where home prices have plummeted, offering potential buyers opportunities for affordable housing options
June 4, 2023 – By Business Insider
Housing supply is plunging in some parts of the the US and surging in others as high mortgage rates split the housing market
The housing market has been split my shifting dynamics. Across much of the country, there are few homes for sale, but one market is bucking the trend.
June 3,, 2023 – By Business Insider
The housing market has never been this unaffordable for new buyers
“For new home buyers, this is the worst situation since the end of the Great Recession.”
June 2, 2023 – By The Real Deal
Allstate Announces Halt to New Home Policies in California
Insurer’s disclosure follows State Farm’s recent stoppage on new homeowner coverage in the state.
June 1, 2023 – By CalMatters
Are the jobs created by the Inland Empire warehouse boom built to last?
The explosion warehouses in the Inland Empire gets justified because they create jobs, but low wages and looming automation may soon erase them.
