Large housing project clears Temecula Planning Commission, is headed for City Council

Large housing project clears Temecula Planning Commission, is headed for City Council

The Temecula Planning Commission voted 5-0 to recommend approval of a densely-packed housing development for the foothills west of Old Town following a roughly four-hour meeting Wednesday, Nov. 15. The project, dubbed Altair, would bring roughly 3,000 to 4,000 new residents to the city. There would be as many as 1,750 residential units, businesses, parks, […]

Large housing project to come before Temecula Planning Commission

Large housing project to come before Temecula Planning Commission

A large housing development that will bring about 1,750 residential units to the foothills west of Old Town Temecula is slated to come before the city’s planning commission, Nov. 15. The project, known as Altair, would bring a variety of residences to that area, including detached single-family housing, multiplexes, rowhouses and live/work spaces that combine […]

Southwest California housing update focuses on Lake Elsinore

Southwest California housing update focuses on Lake Elsinore

“California has a shortage of about 1 million homes,” Gene Wunderlich, government affairs director for the Southwest Riverside County Association of Realtors, said in his speech at the Economic Workforce Development Committee lunch held Thursday, Oct. 19. Wunderlich’s address focused on southwest California housing issues, specifically the Lake Elsinore area. Existing home sales are down […]

Boomers versus millennials creates housing shortage

Boomers versus millennials creates housing shortage

Michael Macari Special to Valley News With the aging of America comes word about a recent phenomenon in the housing market on which it’s worth shedding light. The same generation that oversaw the largest residential real estate expansion in history, the baby boomers, have become the baby “blockers.” They’re not letting millennials in to their […]

Menifee 2017-2018 Community Development Block Grant fund allocations set

The Menifee City Council has submitted its annual action plan for 2017-2018 to receive $480,000 in Community Development Block Grant Funds allocating portions of the money to public service activities, capital improvements and program administration activities. The CDBG funds are granted by the Housing and Urban Development Agency of the federal government to American cities […]

2016 housing in the rearview mirror

It’s been nearly a decade since local housing sales bottomed. The go-go years of 10,000, 12,000, even 13,000 home sales a year crashed on the shoals and in 2007 produced just 5,640 sales across the nine city region of Southwest California. Temecula dropped from 2,305 sales in 2005 to 1,162 in 2007, Murrieta fell from […]

Riverside County reaches milestone in housing homeless veterans

RIVERSIDE – Riverside County has become the nation’s first large county to meet “functional zero,” a federal benchmark for making permanent housing available for all homeless veterans who seek assistance from the county. The board of supervisors established the Veteran Assistance Leadership of Riverside County (VALOR) initiative in June 2013 to find permanent housing for […]

Graduated and on your own, now what?

Nathaniel Sillin Special to Valley News Fall is here and school is back in session but for many graduates, it’s out for good. If you’re a recent high school or college graduate, this might be the first time you’re on your own. Living away from home and paying for your own housing, food and other […]

Inland Empire homeowners pulling out equity to spend it: latest increase may signal rising trend

TEMECULA – There’s a flipside to the housing affordability “crisis” in communities across California: rising values in the Inland Empire are giving many homeowners a reason to tap into their equity and spend money, according to local data released by the California Credit Union League. Some Inland Empire-based credit unions are experiencing this trend firsthand […]

2015 – The Year in Housing

2015 – The Year in Housing

As we bring down the curtain on 2015, people want to know if their home is worth more than it was a year ago and if it will be worth even more next year. If you don’t want to read the whole article, the quick answers are yes and probably. If you want to know […]