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Inland Empire tough market for renters

Bank Handing Customer Cash

The Inland Empire is among the least affordable markets in the United States for single-family rentals, according to data released this week. The median monthly rent in the Riverside-San Bernardino-Ontario market was $3,250, the sixth-most expensive market in the country, Irvine-based CoreLogic reported. California markets made up the top five: …

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State, Inland housing affordability declines

U.S. home prices record annual decline

Only 15 percent of all households in California could afford a median-priced home – $843,600 – during the third quarter of this year, according to data released Friday. That represented a 16 percent drop from the second quarter and an 18 percent decline year-over-year, the California Association of Realtors reported. …

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ONT braces for heavy Thanksgiving travel

ONT nearly back to pre-pandemic passenger levels

Ontario International Airport expects a 12 percent increase in passenger traffic during the Thanksgiving holiday. More than 212,000 passengers will use the airport from Nov. 17 to Nov. 27, the busiest Thanksgiving travel season for the airport since 2007, according to the Ontario International Airport Authority. That prediction is based on …

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Some Inland business owners are still fretting over inflation

Inflation Chart

Inland Empire business owners have many concerns about their companies’ immediate future, but one potential problem stands out above all others. Inflation. The Inland Empire Center for Entrepreneurship at Cal State San Bernardino interviewed 673 business owners earlier this year and asked them what their “greatest concern” was regarding their businesses …

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Public Utility signs clean-energy agreement

California’s creative economy flexes its muscle

Riverside Public Utilities will buy 125 megawatts of wind-generated power from a facility being built in New Mexico. The purchase, approved by the city council on Nov. 7, will increase the utility’s renewable energy resources to almost 70 percent, well above the 60 percent required by state law, according to …

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Stone honored by CSUSB

Terrance L. Stone has been awarded Cal State San Bernardino’s President’s Medal for 2023, the highest honor given out by the school to a non-alumnus. A gang intervention and prevention specialist, Stone received the award during the university’s annual President’s Dinner Nov. 30 at the Mission Inn in Riverside, according …

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