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 […]
Supply Stuck, Buyers Tripped Up
As buyers faced fewer options and record-high real estate prices, low inventory slowed down home sales last month. “Closings were down in most of the country last month because interested buyers are being tripped up by supply that remains stuck at a meager level and price growth that’s straining their budget,” says NAR Chief Economist […]