Fontana to pay in 2009 FONTANA - Even though the
foreclosure cloud looms over Fontana's horizon, its city
manager Kent Hunt is optimistic.
Contra Costa Times, CA
Is 2009 the time to buy a home?
San Bernardino
Sun, CA
But is 2009 the time to buy a home
in the Inland Empire? That depends on how you look at it.
Home prices have plummeted, so they can't drop any
further, ...
HOUSING: No recovery imminent in local
foreclosure clusters
North County
Times, CA
Last month, San Diego County's
unemployment rate hit 6.9 percent, and reached 9.5 percent
in the Riverside-San Bernardino County region, according
to the ...
Inland Empire Still Seeking Housing Bottom
Investor's Business Daily
Inland Empire home prices plunged by 42% in the third
quarter from a year ago, well above the 9% drop nationwide, according to the
National Association of ...
Inland housing aid idea gets state attention
Press-Enterprise, CA
Sales of the deeply discounted homes would further
undermine sagging home prices, property-tax revenue
and attract out-of-state or slumlord-type investors
Riverside / San Bernardino rank highest in nation
for home-value reduction risk!
Market
Rank Q4
Rank Q3
Risk Index
Fore. Index
Prices
Riverside/San Bernardino
1
1
4.57
1.63
-27.8%
Los Angeles
2
2
3.83
1.07
-28.6%
Phoenix
3
6
2.54
1.85
-23.6%
Sacramento
4
3
2.49
2.92
-28.4%
Miami
5
4
2.45
0.4
-26.6%
San Diego
6
7
2.42
4.63
-24.4%
Oakland
7
5
2.39
7.16
-28.4%
Stockton
8
9
2.28
7
-28.5%
Orange County
9
8
2.18
2.81
-21.6%
SB County tackles foreclosures
Victorville Daily
Press, CA
The Inland Empire ranked as the
third-worst area in the nation for foreclosures in the
third quarter of 2008. About 42356 homes in San Bernardino
County ...
SoCal Edison Completes First Solar Installations
Electric Light & Power/
Utility Automation & Engineering T&D Magazine, OK
The facility now generates enough power
during peak output conditions to meet the needs of
approximately 1300 Inland Empire homes. ...
Delinquent loans rising A record one in 10 American
homeowners with a mortgage were either at least a month
behind on their payments or in foreclosure at the end of
September as the source of housing market pressure shifted
from risky loans to the broader U.S. economy.
PE.com
11.18.2008
Federal aid available to fire victims
Inland Empire News, CA
San Bernardino, Los Angeles and Santa
Barbara counties are included in the declaration. Bush’s
declaration came hours after the last of the evacuees were
...
Home sales are up, prices down
Press-Enterprise, CA
In San Bernardino County, the median price
declined to $200000 from $205000 the previous month, but
fell 39.4 percent from October 2007. ...
Wildfires: Did low water pressure hinder
the fight?
Los Angeles
Times, CA - 2 hours ago
But in the Vista Bel Aire
subdivision of Yorba Linda, situated at the top of a hill
against the open brush of Chino Hills State Park, several
residents said ...
Homeowners speak against builders
The Desert Sun, CA
Williams said this is the first
organizational meeting in the Inland Empire, but is not
the first of its kind to be held in the nation. ...
Foreclosure: Don’t Be a Statistic
Mountain News, CA
Some 700 Inland Empire residents
learned about their foreclosure-avoidance options at a
seminar arranged by County Supervisor Paul Biane and put
on by the ...
Fannie, Freddie Launch Latest Homeowner Lifeline
Black Voice News, CA
Critics were quick to pile on the plan
calling the initiative too little too late for places like
“foreclosure alley”, the Inland Empire.
...
California home sales jump 65 percent
BusinessWeek
In California, foreclosures have been
centered in inland markets such as the region east of
Los Angeles known as the Inland Empire and the state's
Central ...
Local leaders explore buying up troubled mortgages
San Bernardino Sun, CA
Larson said the Inland Empire has 100000
homes in default or foreclosure - a $30 billion problem
that doesn't include thousands of previous and future ...
Rebuilding region's 'ground zero'
San Bernardino Sun, CA
The national economic crisis hit the
national headlines in mid-September, but for residents of
the Inland Empire, the economic recession started more
than a ...
Moreno Valley team cracks down on nuisance properties
Press-Enterprise, CA
Moreno Valley has received about $11.4
million in neighborhood foreclosure stabilization
funding from the US Department of Housing and Urban
Development. ...
Inland Empire economic outlook is grim
Los Angeles Times, CA
"There has been a 3500% rise in
foreclosures in the Inland Empire since 2005," said Brad
Kemp, director of regional research for Beacon Economics,
...
10.25.2008
Sales, inventory and a 'sloppy bottom'
Ventura County had a 35% increase in September housing
inventory; Orange County, 27%; Riverside County, 22%, and
San Bernardino and San Diego counties, 21%. ...
Los Angeles Times, CA
Home
prices to dip further? In its 2009
forecast, the California Association of Realtors calls for
the median price of a home in the state to decline by 6
percent to $358,000 from the group's projection for this
year of $381,000.
San Bernardino County Sun
10.13.1008
Pending Home Sales Up Sharply
Lower prices and affordable interest rates pushed up
signed contracts 7.4 percent in August, NAR reports
Realtor Magazine
Home is where the mortgage is
Big Bear Grizzly, USA
Inland Empire—Riverside and San Bernardino counties—have
been two of the hardest hit in the foreclosure fracas.
Will it get any better? ...
California Officials Try to Avoid Second Housing Hit
Wall Street Journal
"We don't want the cure to be worse than the disease,"
said Steve PonTell, a business owner in the vast area east
of Los Angeles known as the Inland Empire. ...
10.05.2008
“THE CALIFORNIA HOUSING FIASCO”
Scoop.co.nz (press
release), New Zealand
This article focuses on a 2000 lot
subdivision in Desert Hills Springs, a blue collar
community in the far reaches of Southern California’s
Inland Empire
The political impact of California's housing meltdown
guardian.co.uk, UK ... there are more foreclosures
in the San Diego area than sales. Housing estates sit
half-finished on the outskirts of San Diego, in the
Inland Empire area ...
Inland foreclosed signs attracting copper thieves
Press-Enterprise, CA
"We've been trying to get them to stop
throwing those up," said San Bernardino County
sheriff's Deputy Laren Leichliter, who works with real
estate agents
10.01.2008
IE professors say housing stabilization plan has potential
Contra Costa Times, CA
A federal plan to send millions of dollars to the Inland
Empire to help local governments buy and resell foreclosed
homes could be positive for the local ...
More bad economic news for Fontana and the nation
Fontana Herald-News, CA
The number of foreclosure filings in Fontana and the
rest of the Inland Empire continued to climb in August,
according to a report released recently by ...
Continued Inland Empire property value decline seen
San Diego Union Tribune, United
States
PMI Group analyzed labor market statistics, per capita
household income, prevailing mortgage rates, foreclosure
trends and other data from the second ...
KB Home building smaller houses to lift sagging sales`
Los Angeles Times, CA
The company is trying to attract
buyers with 1230-square-foot homes selling for $200000
in the Inland Empire and other high-foreclosure areas.
Foreclosures strike children, too As foreclosure signs multiply
across the Inland region, some of its youngest residents are
in need of protection
PE.com
09.26.2008
Illegal Immigration And The Mortgage Mess
VDARE.com, VA
It's no coincidence that most of the areas
hardest hit by the foreclosure wave—Loudoun County, Va.,
California's Inland Empire, Stockton and San Joaquin ...
The Govern-ator fights to keep home values from
falling:
Encourages continued loose-lending!
Governor vetoes several bills on home lending
Press-Enterprise, CA
San Bernardino County had 4211 notices of
default and 2502 foreclosure sales. Schwarzenegger also
signed several housing-related bills Thursday. ...
California home prices continue trend
into more affordable territory
Sales pick-up pace:
"While this is encouraging news, we don't expect to see a
housing market recovery until prices stabilize and the
number of distressed properties on the market declines,"
Brown said. "Sales gains continue to be driven by the large
shares of deeply-discounted distressed sales in many parts
of the state."
CAR Reports SalesIncreased 56.7 Percent; Median Home Price
Fell40 ...
MarketWatch
Home prices drop to October 2005 levels
Press-Enterprise, CA
In San Bernardino County they declined 40
percent. The real estate industry expects more weak news
today when the National Association of Realtors releases
...
San Bernardino County addresses home issues
Inland Valley Daily
Bulletin, CA
The county Department of Community and
Housing released a report Tuesday with an action plan for
providing housing and expanding economic opportunities for
...
Foreclosure sales soar as prices plunge
Inland Empire News, CA
INLAND EMPIRE--Prices for Southern
California homes being sold are their lowest in nearly
five-years. Homes sold last month averaged $330000. ...
Inland home prices fall steeply as number of sales jumps
Press-Enterprise, CA
Rich Cosner, president of Prudential
California Realty, which has offices in Corona, Riverside,
Moreno Valley and Rancho Cucamonga, said in the past three
...
Fannie, Freddie takeover offers recovery hope: analysts
Citizen, South Africa
A vacant bank-owned house in Moreno Valley,
California in late August. The US takeover of struggling
mortgage giants Fannie Mae and Freddie Mac offers hope ...
San Bernardino County Home Price Plunge!
Median price now $145K beneath August 2007 price!!
San Bernardino had the biggest, down 40.3 percent to
$215,000 from $360,000 in August 2007.
County's median home price at lowest level in 5½ years
San Diego Union
Tribune, United States
09.17.2008
Had
your home equity line frozen in Southern California?
If yes then KABC-TV wants to hear from you.
Here is the direct request email message from Alan Gitterman,
KABC-TV News Producer: "I'm trying to find someone in the Southern California
area who has taken out a home equity line of credit, then
had that credit frozen by the bank. If anyone has taken out
a loan for a remodeling/construction project, completed part
of the project, and then was forced to halt the rest of the
project because the remainder of their home equity loan was
frozen out, please contact us at KABC-TV."
"We'd also like to hear from anyone who has taken out a home
equity line of credit to pay off bills, and are no longer
able to pay them off because the loan was frozen."
If this has happened to you and you reside in Southern
California, please contact Alan,
maybe you will be featured on ABC News!
-------------------------------- Alan Gitterman
News Producer
KABC-TV
500 Circle Seven Drive
Glendale, CA 91201
(818) 863-7640
email:
alan.b.gitterman@abc.com
- Please tell him that IE Housing News.com sent you!
Riverside County homeowner turns horse rescuer
Press-Enterprise, CA
Magdaleno said she believes the economic
slowdown and the uncertainty in the real estate market
combined to put these horses and others at risk. ...
Moreno Valley: One man's wild ride on cycles of boom and
bust
Los Angeles
Times, CA - 2 hours ago
... red-hot Los Angeles and Orange County
housing markets, he joined the caravans of first-time home
buyers rushing east into the so-called Inland Empire. ...
Fraud monsters
San Bernardino Sun, CA
Over the past few years, the real-estate
fraud unit of the San Bernardino County District Attorney's
Office has seen a 40percent year-over-year increase in ...
Auction houses struggle too
Business Press, CA
The home foreclosure crisis isn't solely
to blame for Inland Empire Auction's current situation,
Cooper said. "I think it's the overall bad economy," she
...
Property owners seek tax relief
Inland Empire News, CA
INLAND EMPIRE--Property tax bills are going out and many
homeowners will find their assessed values do not reflect
the plunging real estate market. ...
'Green' commercial real estate picking up momentum in IE
Inland Valley Daily Bulletin, CA
Even in a foundering economy, the so-called "green"
movement is blossoming in the Inland Empire. "(The green
movement) is chugging along faster," said Mary ...
PFF Bancorp moves to settle
San Bernardino Sun, CA
As PFF kept reporting gigantic quarterly losses stemming
from the Inland Empire's imploding real-estate market, stock
shares plunged to penny-stock status ...
09.08.2008
DataQuick reports that the Inland Empire
led Southern California last month in the number of homes sold,
up as much as 48 percent in Riverside County
'Fire sale hits some Inland neighborhoods
Inland Empire News, CA
Tough Times for
this Inland Empire Real Estate Agent
In the past, Juana Recinos sold up to 15 homes a year. Now,
she can't sell one
Nervous-time for realty agent
San Bernardino Sun, CA
Inland Empire Homeowners Amongst the Most Underwater in
the Country!
In five more California areas -- the Inland Empire
(Riverside-San Bernardino), Bakersfield, Yuba City, El
Centro and Madera -- the percentages were more than 80
percent.
One Third of New Owners Owe More Than House Is Worth
(Update1)
Bloomberg
