Availability of land for housing development,
as well as reasonable housing
costs in fueling rapid growth in the Inland Empire. The area
boasts some of
the largest numbers of new housing starts ever recorded in the
country.
Complementing the lower housing cost is the value of the product
the buyer
receives for his/her dollar. Inland Empire buyers find that
similar types
of homes cost significantly less than the same product selling
in Orange and
Los Angeles counties for triple the amount. This value is an
obvious
attraction, however, the areas numerous other advantages,
including close
proximity to major freeways, good schools and safe neighborhoods
contribute
to the areas appeal. In addition, resale prices in the Inland
Empire have
shown over the long term to be a strong investment.
New residents of Riverside County enjoy tremendous choice as to
housing
types. While single-family residences still dominate the
market, new
construction developments feature apartments, condos, and units
in planned
communities. Apartments, condominiums, and houses are available
for varying
budgets and personal preferences. On the national level,
housing prices in
Riverside County are within the range of most major metropolitan
areas in
the country. |
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