4 Hrs
Source:
Los Angeles Times
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Inland Empire home prices rise
Housing affordability has become a significant issue in the Inland Empire, with over 60% of residents in San Bernardino, Riverside, and Kern counties identifying it as a major concern. Pandemic-related migration from coastal California has driven up housing prices, leading to a 50% increase in rents and nearly matching coastal price growth, while housing costs in Los Angeles remain relatively stable. As a result, many residents face increased financial stress, especially elderly and fixed-income households, amid rising home values and rent prices outpacing wages.
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