Earlier this month, a group of professors from UC Riverside released a report on Good Jobs in the Inland Empire.
September 28, 2021 – By LA Business Journal
Developers Confront Housing Crisis for Seniors | Los Angeles Business Journal
Find out which Los Angeles developers are tackling the housing crisis specifically by providing affordable units for seniors.
September 21, 2021 – By Press Telegram
Housing hot streak cools as some buyers balk at ski-high prices – Press Telegram - California News Times
Southern California homebuyers stepped “away from the accelerator pedal” last month, and after six months of record price increases, the region’s heated home market has leveled off. Median or mid-range prices for Southern California homes were $ 680,000 in August, down $ 1,000 from July. DQNews / Co…
September 17, 2021 – By C.A.R.
Regional Spotlight: California Housing Market Demand Softening
The normalizing California housing market is creating an opportunity for homebuyers who were previously priced out.
September 16, 2021 By C.A.R
California existing home sales temper in August as market continues to return to normal though statewide median price climbs higher, C.A.R. reports
/PRNewswire/ -- Housing demand in California tempered for the fourth consecutive month in August as home sales returned to pre-crisis levels, but the statewide...
September 14, 2021 – By California News Times
Southern California apartment rents up 13.5% for landlord Essex – San Bernardino Sun - California News Times
Southern California landlord Essex Property Trust says the new tenant has agreed to a lease that is 13.5% higher than when the pandemic began. If I need to make it more convincing that rents are rising significantly this summer, I admit, but for real estate investment trusts Performance updates to i…
September 13, 2021 – By CA News Times
The housing market boom could last a little longer than expected, experts say - California News Times
Last month, CNN’s Before the Bell observed early signs that rising prices could hurt demand and ease home refurbishment spending, which could lead to a chilling global housing market. According to the S & P Core Logic Case-Shiller Index released this week, US home prices in June were up 18.6% compar…
September 8, 2021 – By Ben Winck
Wall Street loves the housing crisis. The nationwide home shortage keeps investors’ profits safe.
Investors began buying homes in the past decade and raked in profits in 2020. Now they’re saying in regulatory filings they don’t want more built.
September 7, 2021 – By San Bernardino Sun
California exodus? Rents jump inland, flat by the coast – San Bernardino Sun - California News Times
“Looking Glass” ponders economic and real estate trends through two different lenses: the optimist “half glass” and the pessimist “half glass sky”. Buzz: Migration from urban areas of California has created the largest rent increase in the country in Golden State County, far from the coast, as barga…
September 7, 2021 – By Jeff Collins
iBuyer home sales soar 123% in Southern California, report shows
Buyers spent more than $512 million buying 789 houses last spring in Los Angeles, Orange, Riverside and San Bernardino counties.
August 20, 2021 – By Kelsi Maree Borland
Riverside-San Bernardino Boasts Lowest Apartment Vacancy in US | GlobeSt
The strong demand will likely fuel double digit rent growth at 11.4%.
August 17, 2021 – By CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.)
California housing market continues to normalize as home sales and prices curb in July, C.A.R. reports
/PRNewswire/ -- California’s housing market moderated for the third straight month in July with both home sales and prices tempering from the heated market...
August 17, 2021 – By City News Service
Riverside County Home Prices Little Changed From June; Total Sales Decline
The median sales price of an existing single-family home in Riverside County declined .9% from June to July — from $575,000 to $570,000 — but is up 23.4% from July 2020, when it was $46…
August 15, 2021 – By TIM REDMOND
Yimby housing bills are wildly unpopular in the state, a new poll shows | 48 hills
By 2-1, a cross-section of Californians oppose more market-rate housing as a solution to the crisis. It’s a warning to Gavin Newsom.
August 13, 2021 – By Press Enterprise
No longer a bargain? Inland Empire is inflation hot spot, CPI says – Press Enterprise - California News Times
“According to a survey,” examines various rankings and scorecards in geographic locations, but keep in mind that these grades are the most common combination of art and data. Buzz: Like the weather, the surge in summer inflation is hotter inland. sauce: A reliable spreadsheet analysis of 23 metropol…
August 12, 2021 – By CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.)
Highly competitive market depresses California housing affordability in second-quarter 2021, C.A.R. reports
/PRNewswire/ -- A highly competitive market fueled by low interest rates and a tight supply of homes for sale pushed the state’s median home price nearly 34...
August 12, 2021 – By Staff and news service reports
Southern California has Top 20 home-price gains, Realtors say
OC, LA both have 16th largest jumps. Inland Empire at No. 20
August 10, 2021 – By Courtney Vinopal
Houses are getting scooped up before they’re listed. It’s shutting people out of homeownership
As U.S. home prices surge and housing inventory is at a historic low, some real estate agents say the tight market is becoming even more competitive through the practice of so-called “pocket listing” deals that are sold to buyers before ever being listed to the public.
August 6, 2021 – By RISMedia Staff
Housing Affordability Dives as Material Costs Skyrocket
Housing affordability has dipped to its lowest level in almost a decade thanks to soaring building material costs, high demand and low inventory.
August 4, 2021 – By Amanda Fung
People flocked to these US metros during COVID-19
CoreLogic’s first annual list of the nation’s top 15 metros for residential in-migration and out-migration reveals the COVID-19 pandemic shifted homebuyers’ preferences.
August 3, 2021 – By Press Telegram
ADUs and IRA home loans are hot topics – Press Telegram - California News Times
Nothing beats writing a mortgage column in a big city newspaper. Can you believe it’s been 10 years? In addition to my weekly anxieties about whether my editors (and you) will like what I offer, I get a lot of feedback from readers about my column. Usually, “Thank you. I didn’t know anything about t…
August 2, 2021 – By Zachary B. Wolf
Analysis: A new trend to watch in the housing market and some good news on Covid
The American Dream of home ownership may be slipping out of reach for adults coming of age in and around the Great Recession and starting families in and around the pandemic. But that dream may still be for rent.
August 2, 2021 – By Laura Woods
The Housing Market Forecast for the Rest of 2021, According To Realtors
It’s no secret that the COVID-19 pandemic has turned the real estate market into a wild domain. If you’re looking to buy or sell a home, you’re likely eager to know how long this will last. In June...
July 26, 2021 – By Tim Smart
New Home Sales Slip 6.6% in June | Economy | US News
The housing market is constrained by limited supply and high prices.
July 21, 2021 – By LANCE LAMBERT
Home prices are rising faster than any time on record
See how your state is doing.
July 20, 2021 – By CBSLA Staff
Is This The Perfect Time To Sell Your Home?
Real estate experts say it’s a home seller’s dream market as Southern California home sales have hit another record in June.
Jul 16, 2021 – By CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.)
Despite a new record price, growth slowed and pending sales dipped for first time since May 2020, C.A.R. reports
/PRNewswire/ -- Despite an impressive performance in the first six months of the year, the market momentum appears to be moderating with existing home sales...
July 16, 2021 – By Anabel Munoz and Grace Manthey
Black families own homes at a lower rate than white families in SoCal. Here’s why that matters
Nationwide, homeowners’ net worth is 40 times greater than renters. But for families of color, homeownership is harder to reach.
July 15, 2021 – By YARDI MATRIX
Economic rebound leads to record increase in multifamily asking rents
Multifamily asking rents jumped an average of 6.3% year-over-year in June, the largest leap ever recorded by Yardi Matrix, a leading industry data tracker. The national average apartment rent
July 13, 2021 – By Redfin
Homebuyer Competition Eases in June as More Homes Hit the Market
/PRNewswire/ -- (NASDAQ: RDFN) -- In June, 65% of home offers written by Redfin agents faced competition, down from a revised rate of 72.1% in May and a...
July 7, 2021 – By Press Telegram
With 2020’s crazy real estate year in mind, what does the rest of 2021 bring? – Press Telegram - California News Times
We have now eaten up the six months of 2021. At Costco, Christmas decorations are adorned with red, white and blue sheet cakes! But I deviate. Anyway, I thought it would be fun to look back on what this year brought about and what we saw in the 2021 balance. It’s a good idea to …
July 7, 2021 – By Press Enterprise
Inland Empire is best bet for first-time homebuyers, survey says – Press Enterprise - California News Times
“According to a survey,” examines various rankings and scorecards that determine geographic location, but keep in mind that these grades are the most common combination of art and data. Buzz: The city of Inland Empire earned the highest score in the region on one of the financial website ratings for…
July 7, 2021 – By Noel King
Economic Pressures Are Rising On Mom And Pop Rental Owners
Small landlords say eviction moratoriums make it harder for them to stay in business. There’s concern they will sell to corporations that may not provide similar entry-level apartments for renters.
July 6, 2021 – By Tiffany Harbrecht
Economic Outlook is Bright for California, Nationwide | SJSU Newsroom
Epic housing shortage may finally be starting to lift, as surprising number of new listings hit market in June
The epic housing shortage that began before the pandemic and then was exacerbated by it may finally be starting to ease up. More supply is hitting the market.
June 28, 2021 – By PATRICK ATWATER
The Inland Empire: A Region on the Rise
The region grew as an affordable alternative to L.A. and a logistics hub but lags behind on educational attainment
June 25, 2021 – By ishwarkimmins
Will soaring inflation harm real estate? – Orange County Register - California News Times
“”Bubble watchDelves into trends that may indicate future economic and / or housing market problems. Buzz: A warming economy heats up living costs in Southern California and the country, raising the risk of rising interest rates that can damage real estate values. Source: Consumer price index and sl…
June 23, 2021 – By Bethany Blankley
Report: Residential mobility decline contributes to housing crisis
(The Center Square) – The current housing crisis in the U.S. isn’t just fueled by unaffordability, a new study finds, but also by a sharp downturn in local mobility, fewer
The least competitive homebuyers in the country can be found in Virginia Beach, according to LendingTree, followed by Riverside, California, and Atlanta. Homes in those three cities are being sold for, on average, $314,000, $314,000 and $322,000, respectively, per Realtor.com and Zillow.
Real estate prices are skyrocketing in the Inland Empire and experts say the demand is so high, buyers are getting into bidding wars, but how could this be happening during a pandemic with so many people struggling financially.
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