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Keyword: mortgageprices

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  • Inland Empire cities lead home-price climb (Demand high while housing supply low)

    03/24/2005 11:35:38 AM PST · by Smogger · 23 replies · 1,875+ views
    The Daily Bulletin ^ | Wednesday, March 23, 2005 - 9:10:20 PM PST | Michael Rappaport
    Zoom, zoom. Inland Empire home prices continued their climb in February, with five of the biggest percentage increases in the state recorded by local cities, according to a report by the California Association of Realtors. Adelanto (up 81.8 percent from February 2004), Hesperia (up 67.4 percent), Twentynine Palms (up 64.2 percent) and San Bernardino (up 54.5 percent) paced San Bernardino County, while Norco (up 55.7 percent) led Riverside County. Most of those cities were "affordable" alternatives to the Riverside/San Bernardino area, which had a median price for a single-family existing home of $342,120 and is itself the "affordable" alternative to...