Riverside Housing Market

Liar Loan

Well-known member
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/
 
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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