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Record Prices in Inland Empire

December 28, 2020

The busiest November in 14 years pushed Inland Empire home prices to record highs. In Riverside and San Bernardino counties, a combined 6,888 residences sold, existing and new, a study of closed transactions by DQNews said. That’s up 22% in a year and the largest November tally since 2006. The region’s homebuying rebound continued in November […]

Filed Under: California News, CVAR Connect, Government Affairs, Industry News Tagged With: #CVARmembers, cvarconnect, existing-homes, Home prices, Inland Empire, record prices, Rierside County, San Bernardino County, SB Sun

Tenants Opt for Space, Lower Rents in Inland Empire

November 30, 2020

After shelter-in-place orders forced the Branchcomb family to study and work from home, their 2,000-square-foot rental house in Cerritos felt more like a tiny box. “Everyone else came home and took my piece of paradise,” said Prophetess Branchcomb, a finance director for a Hollywood entertainment company. “We needed more space.” On Nov. 21, Branchcomb and […]

Filed Under: California News, CVAR Connect, Industry News Tagged With: #Cvarmember, cvarconnect, Inland Empire, San Bernardino Sun

IE Double the Late Payers

October 5, 2020

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 […]

Filed Under: CVAR Connect, Government Affairs Tagged With: Eviction, Inland Empire, Pandemic, past-due, rent, tenants, unemployment

San Bernardino County Sees Largest Price Increase

July 22, 2019

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 […]

Filed Under: At A Glance, Industry News Tagged With: High Desert, Home prices, Inland Empire, Interest rates, June 2019, San Bernardino County

Why Homebuilders Are to Blame for Construction Decline

March 11, 2019

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 […]

Filed Under: At A Glance Tagged With: blame, Construction, Foreign investors, Homebuilders, Inland Empire, luxury market

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