Author Topic: Riverside Housing Market  (Read 460 times)

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Offline Liar Loan

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Riverside Housing Market
« on: May 25, 2022, 10:24:57 AM »
Home sales are tanking everywhere, which isn't a surprise, but Riverside is #1 in the nation for increased housing supply with 23.3% more listings than a year ago.

What sellers are thinking: In Los Angeles and Orange counties, the number of homes on the market fell 21.8% in the year — No. 41 of 50 metros tracked by Realtor.com. Inland Empire listings rose 23.3% — No. 1. L.A.-O.C. Listing prices fell 3.9% in 12 months — No. 43 of metros tracked by Realtor.com; I.E. asking prices rose 18.4% — No. 10.

https://www.ocregister.com/2022/05/23/orange-county-home-sales-tumble-28-as-loan-payments-soar-42/

Offline The California Court Company

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Re: Riverside Housing Market
« Reply #1 on: May 25, 2022, 11:20:00 AM »
let me guess, Phoenix is among top 10?
"Should any Person come into contact with such fruit, soil or groundwater, such Person is advised to wash thoroughly with soap and water and seek immediate medical attention"-Augusta Disclosure, Tustin Legacy

"You'll probably be able to buy a 4BR detached home in Quail Hill for $150,000."-IndieDev

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Offline Liar Loan

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Re: Riverside Housing Market
« Reply #2 on: May 25, 2022, 11:39:07 AM »
let me guess, Phoenix is among top 10?

Not sure of their ranking, but inventory in Phoenix is up 9.8%.

https://www.realtor.com/research/april-2022-data

Offline Liar Loan

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Re: Riverside Housing Market
« Reply #3 on: June 09, 2022, 08:38:53 AM »
Homebuilder Comments in May: “Builder metrics quickly deteriorating"

Some homebuilder comments courtesy of Rick Palacios Jr., Director of Research at John Burns Real Estate Consulting.

#RiversideSanBernardino builder: “Pricing in this market will correct by 5-10%. If this administration lets the housing market slide because of inflation, we’ll probably take some more hits to pricing.”


https://calculatedrisk.substack.com/p/homebuilder-comments-in-may-builder?s=r

 

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