Description

What happens when wildfires displace thousands of families? In this episode of Living Local Tri City, I break down the real estate ripple effect caused by recent devastating LA fires and how it’s already impacting housing prices here in Riverside County, Murrieta, and Temecula.

With more people looking for safer and more affordable areas, demand is rising—but so are home prices and rental rates. What does this mean for buyers, renters, and investors? I dive into everything from housing inventory shortages to insurance spikes and why new construction may be delayed.

In this episode, you’ll learn:

• Why displaced LA homeowners are relocating to Riverside County: Many who lost homes are searching for affordable, lower-risk areas.
• How increased demand is driving home prices up: More buyers in the market make competition fierce, affecting affordability.
• Why rental prices are surging: Displaced families are looking for short-term housing, leading to higher rental rates.
• How wildfire risks are pushing insurance costs higher: Homeowners are seeing premiums skyrocket, making homeownership more expensive.
• What new construction delays mean for buyers: Builders may shift projects to LA, leading to longer wait times in Riverside County.

If you’re thinking about buying, selling, or investing in Riverside County, now is the time to get ahead of the market shift. 

Learn more about Liz Jones:

Website: https://www.jonesrealtysocal.com/

Linkedin: https://www.linkedin.com/in/jonesrealtysocal/

YouTube: https://www.youtube.com/@lizjonestricityrealestate

Instagram: https://www.instagram.com/jonesrealtysocal/

Facebook: https://www.facebook.com/KWLJONES/

#LAFires #CaliforniaHousingMarket #RiversideCountyRealEstate #WildfireImpact #HousingCrisis #SoCalHousingTrends #BuyersMarket #RisingHomePrices #MurrietaRealEstate #TemeculaHomes #HomeInsuranceCosts #RealEstateInvesting #NewConstructionDelays #RelocatingToRiverside #TriCityLiving

Hosted on Acast. See acast.com/privacy for more information.