It’s Election Day, and I hope you have exercised your right to vote! You can’t complain about politics if you aren’t willing to participate. I hope everyone made educated votes and wish everyone luck as we wait for the results. There isn’t a lot of change in the big picture of the real estate market. […]
It wasn’t long ago that I commented that I felt like a broken record, and I’m sensing a déjà vu. Only this time, it’s a different tune. As the market has shifted, we are seeing similar trends continue for our region…unit sales are down, median prices are down, and days on market continues to rise. […]
August was a busy month in all areas I typically cover in this report. Unit sales were back up month over month, candidates for the General Election have been certified, and the State Legislative session came to an end. I also attended multiple economic forecast presentations, with two of those focused on our region specifically. […]
This month’s keywords are Recession, Inflation, and Interest Rates. You can’t turn on the news or open a newspaper without hearing or reading these words in a headline. So what exactly does that mean for our housing market, and more specifically, the housing market in Southwest Riverside County? Economically speaking, we have entered our 2nd […]
Today is also Election Day, and I hope you exercised your right to vote. As I always say, you can’t complain if you don’t participate! Before we jump into the numbers, last month, I wrote that our National Chief Economist was optimistic that we were not headed into a recession mainly due to the strength […]
I have been anxiously waiting to see the numbers for April to see the impact of the increase in mortgage rates. While there was a slight dip in closed sales, and some cities saw a small decrease in transaction value, the region as a whole had another solid month. The median home price in Southwest […]
Our housing numbers continue to be strong. I want to highlight a few things. First, while you may see some decreases month over month in the number of units sold, median prices continue to increase across the region. This might be attributed to homes that have sold above $1,000,000 – 2 in Canyon Lake, 2 […]
2022 started off with a bang, and we’ve already been busy! Final maps of the new Federal and State Districts are out, and Southwest Riverside County has a lot to process. Many of the new lines have shifted across cities, and we even have an entirely new State Assembly District. While these maps don’t officially […]
I’d like to wish everyone a Happy New Year and welcome to 2022! I’d also like to congratulate all of our newly appointed City Mayors. We look forward to continuing to work together to keep housing a priority and a successful part of our local economy. 2021 ended with solid numbers for our area. We […]
As we near the end of 2021, housing market trends for our area continue in the same direction they have for the past few months. As I mentioned last month, we have a little over 2,000 units currently under construction and another 11,000+ in the pipeline. Those numbers, factored with the updated Housing Element numbers […]
