May 27, 2021 – By Holden Lewis, Nerd Wallet
Housing shortage hangs on, price crash unlikely – Press Telegram - California News Times
Holden Lewis, Nerd Wallet If the sign for sale in the front yard was a living thing, it would have a lifespan of fruit flies. Of the homes sold in March 2021, 83% were on the market in less than a month. Homes sell fast because they are not enough to accommodate all the households …
May 25, 2021 – By Press Enterprise
Southern California housing frenzy fuels third record price in a row – Press Enterprise - California News Times
What will change in a year? In April 2020, Southern California home prices fell, shelter-in-place orders plunged sales by a third, and the economy was almost shut down. However, in April of this year, the housing market boom surged for the 10th consecutive month, with sales reaching levels almost tw…
May 20, 2021 – By CALIFORNIA ASSOCIATION OF REALTORS®
Record Home Prices and Growing Homeownership Equity Gap Create Urgent Need for New Housing Production
/PRNewswire/ -- As home prices in California continue to set record highs, and only one in four Californians able to afford to buy the median-priced home, a...
May 20, 2021 – By Jonathan Lansner
Los Angeles-Orange County last for new-home lots. Inland Empire No. 16
LA-OC at 25% of normal land supply, Inland Empire at 42%, US at 49%
MAY 18, 2021 – BY GREG CORNFIELD
SoCal Residents Fleeing To Suburbs Bring Rent Increases With Them
A 2021 USC study says the farther an apartment is from Los Angeles, the higher its potential for rent increases in the next year.
May 17, 2021 – BY CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.)
California median home price breaks $800,000 in April with home sales remaining robust as spring home-buying season kicks off, C.A.R. reports
/PRNewswire/ -- Heated market conditions and a shortage of homes for sale continued to put upward pressure on home prices in California, driving the state’s...
May 4, 2021 – By Nate Berg
How California’s wildfires inspired a faster, cheaper way to build homes
Nikki Pechet started Homebound, a digital platform for home design and construction, after the devastating 2017 fires in Northern California. Now she has her sights set on addressing the rest of America’s dire housing shortage.
April 16, 2021 – By CALIFORNIA ASSOCIATION OF REALTORS®
California median home price reaches new all-time high in March as nearly two-thirds of homes sell above asking price, C.A.R. reports
/PRNewswire/ -- Fierce competition drove California’s median home price to reach a new record high in March, while the state’s housing market continued its...
April 16, 2021 – By Leticia Juarez and Grace Manthey
Housing Market: Inland Empire seeing home buying boom, experts weigh in on why
With homes selling faster and for more than the asking price, the housing market is thriving across the country. It’s particularly intense in counties like Riverside and San Bernardino, where experts say prices are slightly more affordable.
April 3, 2021 – By Nicole Friedman
The housing market is crazier than it’s been since 2006
The past year has been the hottest for sales activity in 14 years. Home values are rising in practically every corner of the U.S., and median sale prices in dozens of metro areas have posted double-digit percentage increases from a year ago, according to Zillow Group Inc.
March 31, 2021 – By Tom Tucker
Coachella Valley median home price hits all time high: $527,000 - KESQ
Prospective home buyers from Sacramento home check out a home up for sale in south Palm Desert. They’re shopping in a valley market unlike any seen in the past. “The whole desert area has been on my mind without exaggeration for 25 years, and now for the first time we are seriously considering it w…
March 20, 2021 – By Jacob Passy
This state has the least affordable housing market in the U.S. based on income — and it’s NOT California
There are only three states nationwide where more than half of the households could afford to buy a median-priced new home.
March 16, 2021 – By CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.)
California home sales and prices ease but strong buying interest continues to provide support to the market as sales record eighth straight year-over-year gain, C.A.R. reports
/PRNewswire/ -- California home sales moderated in February as mortgage rates spiked in recent weeks, while tight housing supply continued to constrain demand,...
March 3, 2021 – By Brittany Martin
Housing Costs in the Inland Empire Have Shot Up. Will Existing Residents Be Displaced?
An increase in real estate prices and demand in Riverside and San Bernardino counties is largely being caused by people moving from L.A.
February 28, 2021 – BY LANCE LAMBERT
Buying a new home? Expect to pay $24,000 more as the worsening lumber shortage pushes wood prices up 180%
The pandemic has caused both lumber demand to spike and lumber supply to fall. The perfect storm has lumber prices up 180%.
February 23, 2021 – By CBSLA Staff
Want More For The Money? Real Estate Agent Says Look To The Inland Empire
Dave Clark, a real estate agent with Keller Williams Corona, says homes are flying off the market so fast they only stay up for a few days. Right now, he has 75 homes on the market. But, he says, he normally has four times as many.
January 22, 2021 – By Diana Olick
Existing home sales in 2020 hit highest point since 2006, but listings are at a record low
Pandemic-driven demand drove total 2020 home sales to the highest level since 2006.
January 21, 2021 – By Lucia Mutikani, Reuters
U.S. labor market recovery slowing; housing, manufacturing anchor economy
The number of Americans filing new applications for unemployment benefits decreased modestly last week as the COVID-19 pandemic tears through the…
January 8, 2021 – By Kelsey Pudloski
Sale of 2,590-acre property to bring thousands of new homes to Calimesa
JPMB Investments hopes to satisfy buyer demand by kicking off construction in early 2022 and delivering the new homes by year-end.
December 29, 2020 – Associated Press
U.S. home prices rise at fastest pace in more than 6 years
The coronavirus outbreak has forced millions of Americans to work from home.
December 10, 2020 – By Kelsey Pudloski
The average California homeowner gained $34,000 in equity this year
While buyers grappled with skyrocketing California home prices, owners experienced near-unprecedented equity gains, netting an average of $34,000 this year.
December 4, 2020, 4:10 pm By Julia Falcon
iBuyer purchase volume sank 82% YoY in Q3 - HousingWire
Zavvie said that collectively, iBuyers have been purchasing homes at an average 95.5% of market value across all markets since March.
October 26, 2020 – By Andrew DePietro Contributor, Forbes
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The Hottest Housing Markets Right Now In 2020
Record-low interest rates and concerns with the Covid-19 pandemic are fueling some hot housing markets in the U.S. in 2020. Find out which housing markets are hottest.
October 19, 2020 – NAHB CEO
NAHB CEO: What’s happening in housing right now is unprecedented
National Association of Home Builders CEO Jerry Howard joins Yahoo Finance’s Zack Guzman to break down the latest on the housing market, as homebuilder sentiment sets another record high in October.
October 14, 2020 – By MEGAN JAMERSON
U.C.R. Economists Say Inland Empire Showing Signs of Economic Recovery from Pandemic
U.C. Riverside’s School of Business gave an optimistic outlook for the Inland Empire’s economic recovery from the pandemic-related recession during its…
October 10, 2020 – By Ellen Paris, Contributor
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Housing Prices Aren’t Coming Down According To Realtor.com
Housing prices aren’t coming down anytime soon according to realtor.com.
September 30, 2020 – By MARGOT ROOSEVELT, STAFF WRITER, Los Angeles Times
Think California is bouncing back? Recovery will take more than two years, economists say
Many industries have taken a severe hit, but the state’s housing market should enjoy a quick recovery, a UCLA forecast predicts.
September 21, 2020 – By JONATHAN LANSNER
Inland Empire homes for sale drop 47%, Los Angeles-Orange County off 24%
Pandemic fears, financial challenges and quick-selling homes have kept many owners from selling locally and across the nation
