In Riverside and San Bernardino counties, 336,000 adults live in households that are behind on rent due at the end of August, according to the U.S. Census Bureau. That’s 30% of all Inland Empire tenants and almost twice the rate in Los Angeles and Orange counties where 537,000 who live in rentals were late payers […]
San Bernardino County Sees Largest Price Increase
The annual price growth among single-family homes sold across Southern California continued to grow in June, with San Bernardino County leading the gains. The county with the region’s most affordable homes saw a robust price increase last month, according to the California Association of REALTORS®, rising to $310,000, a 5.7% increase from June 2018. That […]
Why Homebuilders Are to Blame for Construction Decline
Southern California builders’ fixation on serving the luxury market — heavy with Chinese buyers — is now a drag on the industry. The year for local homebuilders started in the shadow of 2018 when construction slowed and unsold inventory grew to a near-seven-year high. Industry woes can’t be tied to common complaints such as regulatory […]