WASHINGTON
(AP) -- The Federal Reserve, acting urgently over the weekend to
stabilize financial markets, approved a cut in its emergency lending
rate to 3.25 percent from 3.50 percent - a new lending facility
immediately available Monday to Wall Street firms.
The
central bank took the extremely rare step Full
Story
The economic
balance hangs in large part on how much further home prices will
fall. A look at one important measure -- the relationship between
home prices and household income -- suggests we might not even be
halfway there.
Over the long
run, home prices and income should Full
Story
Call
Lake
Elsinore
Riverside
County
Multifamily
6 Unit
Apartments
Inland
Foreclosures Not Letting Up
March
13, 2008
By
Leslie Berkman
The Press-Enterprise
Inland
Southern California continued to be a hotbed of foreclosure activity
last month, with the number of homes repossessed by lenders
increasing nearly 21-fold in Riverside County and 15-fold in San
Bernardino County over a year ago. Riverside County saw Full
Story
Intrepid home
shoppers are venturing back into some of the nation's hardest-hit
real-estate markets, convinced they can cherry-pick good deals amid
broad price declines.
Many
new tenants arrive with foreclosure on records, a potential hurdle
Apartment
rents in Southwest County and throughout the western United States
climbed modestly last year while home prices crumbled in many
markets, a contrast apparently driven by the growing number of
people who can't or don't want to buy a house or condominium.
Meanwhile, vacancies are becoming somewhat scarcer as... Full
Story
Apartment
rents throughout the western United States climbed last year while
home prices crumbled in many markets, a contrast apparently driven
by the growing number of people who don't want or can't qualify to
buy a house.
The average
cost of renting an apartment... Full
Story
Vacant Land
For Sale
Lake
Elsinore
Riverside
County
Commercial
Vacant Land
pillover
From Bleak Housing Sector Could Effect Inland Retail Development
January
11, 2008
By
Rodd
Cayton
The Press-Enterprise
The Inland
region, like much of the nation, could be in for a rough year in
terms of growing and retaining retail tenants, analysts say.
The culprit
is the housing slump, whose ferocity has led retailers to rethink
their existing... Full
Story
Vacant
Land
For Sale
Winchester
Riverside
County
Residential
Land Lot
Mortgage
Rates Drop Below Six Percent
January
10, 2008
Second time
in more than two years; 30-year fixed amount is 5.87 percent
WASHINGTON -
Rising worries about a weak economy pushed rates on 30-year
mortgages below the 6 percent mark for only the second time in more
than two years... Full
Story
Economic
wise men from Ben Bernanke to Robert Rubin on how to help the
economy.
It rarely
gets clearer than this.
Federal
Reserve Chairman Ben Bernanke on Thursday said the central bank is
ready to take "substantive additional action" to
complement recent interest rate cuts. That's his most positive
indication yet that the Fed is likely to slash rates again at the
end of... Full
Story
Sold
Lake
Elsinore
Riverside
County
Commercial
Vacant Land
50%
Chance of Recession: Report
By Ben Johnson,
National Real Estate Investor
Jan 8, 2008 3:09 PM
The national
economy has a 40% to 50% chance of slipping into a recession,
according to the latest research conducted by Robert Bach, senior
vice president and chief economist for Grubb & Ellis Company.
Survival will
be the goal of home builders in Riverside and San Bernardino
counties next year, as they lower prices further to clear unsold
inventories of completed houses and woo buyers who demand bargains.
Investors in
retail and office buildings will also feel the pain... Full
Story
Tunnel
Feasibility Test Plan Hits Snag
December
4, 2007
By
Phil Pitchford
The Press-Enterprise
Just weeks
before drilling into the Santa Ana Mountains to begin determining if
a tunnel is the answer to worsening traffic on Highway 91, a new and
more strict interpretation of federal funding rules threatens to
scuttle the process.
At issue is
whether Riverside and Orange counties will be able to use $15.8
million in... Full
Story
Lenders
Praise Treasury Plan
December 3,
2007
By
Alan Zibel
The Associated Press
WASHINGTON
- The CEO of
the country's biggest mortgage lender says greater government
intervention is needed to rescue the U.S. housing market as his
peers warn the worst is yet to come.
The gloomy
assessments of the housing market were made Monday at a conference
sponsored by the Office of Thrift Supervision, where Treasury
Secretary Henry Paulson said... Full
Story
Lake
Elsinore Approves Industrial Park
November
30, 2007
By
Aaron Burgin
The Associated Press
While
homebuilding is slowing in Lake Elsinore, planning and development
of commercial, industrial and office property is picking up the
pace, city officials said this week.
Lake Elsinore
City Council approved plans for...
Full
Story
NAR
Chief Economist Says Commercial Investors May Be On Sidelines
Nov
14, 2007
National
Real Estate Investor
The new chief
economist of the National Association of Realtors says that low cap
rates are making investment in commercial real estate a riskier
proposition today and suggests the spillover of the housing credit
crunch to commercial lending... Full
Story
Real
estate: Buy, sell, or hold?
By
Shawn Tully, Fortune editor-at-large November 7, 2007
Excerpt...(Fortune
Magazine) -- So what are rents saying about home values today? To
answer that question, Fortune worked with Moody's Economy.com
to estimate adjustments needed to get prices and rents back in
balance. We'll go into detail...
The Inland
region is the place for Southern California's current and future
growth, economist John Husing said Wednesday, and not even a
correction in the housing market or a series of devastating fires
will stop it. Full
Story
The
Most Recent Quarterly Economic Report
October,
2007
By
John E.
Husing, Ph.D.
Current
State of the Inland Empire's Housing Market Full
Report
Online
Real Estate Ad Spending to Nearly Double by 2010
The
Web has put the real estate ad industry in constant flux in recent
years, and a new Borrell Associates report indicates there are no
signs of things settling any time soon. Indeed, online real estate
ad spending is expected to... Full
Story
Inland
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