Word: homeseer
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That all ended with the bursting of the property bubble, as home prices fell by nearly half. Today new homes sit vacant with dead lawns and boarded-up windows. Lawrence Yun, chief economist for the National Association of Realtors, calls the Inland Empire a "ground zero" for the nationwide housing...
But despite the high volume of repossessed properties - the Inland region has the sixth highest concentration of foreclosures in the nation, according to the listing service RealtyTrac - house hunting here is an exercise in frustration. Banks have been slow to put properties on the market, sparking bidding wars among buyers...
In Moreno Valley, once one of the fastest-growing cities in the Inland Empire, the competition for foreclosed homes is intense. In December, only 532 houses were listed for sale, down from approximately 3,500 a year ago. "Pretty much anything under $150,000 is going to be bought with...
Local officials have programs in place to help buyers but admit they're frustrated they can't do more. "We want to help families own homes," says Tom Freeman, spokesman for Riverside County's economic-development agency. "We do not want to see outside investors coming in and turning them...
A series of earthquakes registering as high as 7.2 on the Richter scale caused a 10-ft.-high (3 m) wave to strike the Solomon Island of Rendova on Jan. 4, destroying the homes of more than 1,000 people--a third of its population. Recalling a deadly tsunami that...