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March 29, 2024 |
2014 home prices a mixed bag REDLANDS – (INT) – A new study finds that rising home prices may be nearing a peak in the Inland Empire.
Johannes Moenius at the University of Redlands School of business says two factors could keep prices flat next year. “We expect mortgage rates to rise and unemployment to fall. Depending on these balance each other, it may mean that home prices will stabilize in certain regions and rise or fall in others. Each city responds differently to those factors.” Moenius predicts that Riverside County home prices will remain unchanged next year. In San Bernardino County, prices are predicted to fall three of the next four quarters. In a separate report, the California Association of Realtors says prices and sales will rise by about 6 percent---statewide---next year. Story Date: October 10, 2013
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