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Home Construction Returns to Inland Empire

Home Construction Returns to Inland Empire

By Octavio Nuiry, Senior Staff Writer September 22, 2014 When the housing market imploded in 2006, it derailed housing developments nationwide, but nowhere was home building more affected by the downturn than the inland areas of Riverside and San Bernardino counties, Calif. After the bursting of the real estate bubble, housing developments stalled in Riverside, Chino, Temecula, Ontario, Banning, Coachella, Lake Elsinore, Murrieta, Rancho Cucamonga, San Jacinto and Redlands. Read Complete Article Print Email

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Housing Starts Plunge 14.4 Percent in August, Troubling Trajectory By Octavio Nuiry, Senior Staff Writer September 22, 2014 Housing starts fell sharply in August, signaling some uncertainty in the housing market’s recovery, according to the U.S. Census Bureau and Department of Housing and Urban Development. A Return to Subprime? HUD Secretary Says Lending Too Tight By Octavio Nuiry, Senior Staff Writer September 22, 2014 In his first major policy speech since joining HUD in July, housing secretary Julian Castro on Sept. 16 urged bankers to ease mortgage lending and make it easier for home buyers to qualify for a mortgage. Did the HAMP Mod Program Delay the Foreclosure Crisis? By Octavio Nuiry, Senior Staff Writer September 16, 2014 After the housing bubble burst in 2006, it ushered in the foreclosure crisis, with 5.5 million borrowers losing their homes to banks. Why The Real Estate Market Remains Fragile By Peter Miller, Contributor September 16, 2014 The foreclosure numbers look so much better these days that at first glance it’s hard to see any big national problems looming ahead. After all, as RealtyTrac points out, July foreclosure levels were 16 percent below a year earlier. Will Rents Fall? By Octavio Nuiry, Senior Staff Writer September 12, 2014 The American Dream of owning a home is still alive and well today in the United States, but it is increasingly under assault by a growing number of renters. Are Realtors the Travel Agents of the 21st Century? By Octavio Nuiry, Senior Staff Writer September 9, 2014 Last month, Zillow announced that it would purchase Trulia in a $3.5 billion deal that sent ripples through the residential real estate industry. Countrywide’s Mozilo Faces Possible Civil Suit Over Bad Loans By Octavio Nuiry, Senior Staff Writer September 8, 2014 Mozilo, the co-founder of Calabasas, Calif.-based Countrywide Financial Corp., is facing a possible civil lawsuit over the excesses of the subprime mortgage boom, according to Bloomberg. Is the U.S. Housing Recovery Over? By Octavio Nuiry, Senior Staff Writer September 8, 2014 Most real estate experts believe the housing market is recovering. But three contrarian economists are not so sure. Distressed Housing Market Outlook: 2014 and Beyond By Daren Blomquist, RealtyTrac Vice President September 8, 2014 As the foreclosure crisis winds down and distress in the U.S. housing market returns to more normal and predictable levels, storm clouds of risk threatening more distress continue to hang over the horizon. Three Patterns of REO Activity in the 2014 Housing Market: Which One Matches Your Market? By Daren Blomquist, RealtyTrac Vice President September 8, 2014 Most U.S. housing markets in 2013 fit into one of these three patterns of activity when it comes to bank repossessions (REOs). See what those patterns look like and identify which matches your local market. Print Email

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