SOUTHLAND – (INT) – After a prolonged run-up, housing prices may have peaked. It’s left some buyers struggling and investors cooling off.

DataQuick reported Wednesday that the average Inland Empire home sold for just under $266,000 during July, a full $100,000 above the low point that was hit in January 2012.

Before the housing bust, local buyers were committing to an average of $406,000. That was in 2006.

DataQuick notes that – overall – credit conditions remain tight. Adjustable-rate mortgages are trending higher.

Story Date: August 23, 2014