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Market favorable to U.S. renters: report

Market favorable to U.S. renters: report

An annual income of $63,680 was needed to afford the U.S. median monthly apartment rent of $1,592 in December, according to a report. That was a year-over-year decline of 0.4 percent, and the lowest required income recorded since March 2022, the real estate brokerage Redfin reported. It was also a …

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Tribe makes donation to help fire victims

Cal State University San Bernardino receives grant money

The Agua Caliente Band of Cahuilla Indians has donated $100,000 to the American Red Cross to help victims of the Los Angeles fires. “The Tribe extends its deep appreciation to the American Red Cross for its tireless efforts to support people impacted by these devastating fires,” Tribal Chairman Reid D. …

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Inland Empire economy braces for 2025

Inland Empire economy braces for 2025

Heading into 2025, the Inland Empire economy appears to be in relatively good shape. In November, the region’s unemployment rate was 5.3 percent, according to most recent data available from the state Employment Development Department. That’s not an outstanding number, but it matches California’s unemployment rate in 2024, and it’s …

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Inland multifamily market has strong fourth quarter

Inland multifamily market has strong fourth quarter

The Inland Empire multifamily market ended 2024 with an occupancy rate of 94.5 percent, a slight increase from the third quarter, according to a report. One thousand one hundred and ninety-five multifamily units were absorbed in Riverside and San Bernardino counties during the last three months of 2024, up from …

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Diederich joins Menifee city council

Diederich joins Menifee city council

Ben Diederich has been named to the Menifee City Council. A longtime Menifee resident and six-year planning commission member, Diederich was appointed during the Jan. 15 council meeting to represent District 2, according to a statement on the city’s website. Diederich was selected from several candidates. All were interviewed by …

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