ABC7 Spotlight – Housing Costs in Inland Empire Have Shot Up
California’s Inland Empire Has Become a Hot Real Estate Market
The Inland Empire is the region including portions of San Bernardino and Riverside Counties.
According to data released this month by CoreLogic, home sales prices in the Inland Empire rose by nearly 12 percent during 2020.
“People who have lived in L.A., Orange County and surrounding counties are now fleeing to San Bernardino County, taking the housing that is available to our residents,” Vanessa Perez, director of the Time for Change Foundation, a San Bernardino-based organization that works on issues of housing and homelessness, recently told ABC. “[T]he need is not only long, it’s consistently growing.”
Economic realities leave many Inland Empire workers vulnerable to even minor fluctuations in housing costs.
“With concerns over rising housing prices in the Inland Empire,” reads a report from the Lowe Institute of Political Economy at Claremont McKenna College, “residents are rightly concerned with gentrification and displacement from their homes due to issues of affordability.”