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Riverside Economic Report June 2010
 

Riverside Economic Report June 2010

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Riverside Economic Report June 2010 California Association of Realtors

Riverside Economic Report June 2010 California Association of Realtors

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    Riverside Economic Report June 2010 Riverside Economic Report June 2010 Presentation Transcript

    • Riverside County
      Economic Profile
      June 2010
      The copyright laws of the United States (Title 17 U.S. Code) forbid the unauthorized reproduction of this report by any means,
      including facsimile or computerized formats. Copyright © 2010, CALIFORNIA ASSOCIATION OF REALTORS®
    • Riverside County Profile
    • Sales of Existing Detached Homes and Pacific West Consumer Confidence
      Riverside County, May 2010: 1,618 Units, Down 17.8% YTD, Down 17.5% YTY
      Sales
      Consumer Confidence
      UNITS
      2500
      INDEX
      160
      140
      2000
      120
      100
      80
      60
      1500
      1000
      40
      500
      20
      0
      SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®;
      The Conference Board
      0
      Jul-90
      Jul-91
      Jul-92
      Jul-93
      Jul-94
      Jul-95
      Jul-96
      Jul-97
      Jul-98
      Jul-99
      Jul-00
      Jul-01
      Jul-02
      Jul-03
      Jul-04
      Jul-05
      Jul-06
      Jul-07
      Jul-08
      Jul-09
      Jan-90
      Jan-91
      Jan-92
      Jan-93
      Jan-94
      Jan-95
      Jan-96
      Jan-97
      Jan-98
      Jan-99
      Jan-00
      Jan-01
      Jan-02
      Jan-03
      Jan-04
      Jan-05
      Jan-06
      Jan-07
      Jan-08
      Jan-09
      Jan-10
    • Sales of Existing Detached Homes
      Riverside County, 2009: 21,026 Units, Up 21.7% YTY
      MONTHLY
      ANNUAL
      UNITS
      25,000
      20,000
      15,000
      10,000
      2,500
      2,000
      1,500
      1,000
      5,000
      0
      2006
      2007
      2008
      2009
      2010
      500
      0
      SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
      1989
      1992
      1995
      1998
      2001
      2004
      2007
      Jul
      Oct
      Apr
      Jan
      Jun
      Feb
      Nov
      Aug
      Dec
      Mar
      May
      Sept
    • Median Price of Existing Detached Homes
      Riverside County, May 2010: $205,040, Up 25.5% YTY
      $500,000
      $450,000
      $400,000
      $350,000
      $300,000
      $250,000
      $200,000
      $150,000
      $100,000
      $50,000
      $0
      Jul-90
      Jul-91
      Jul-92
      Jul-93
      Jul-94
      Jul-95
      Jul-96
      Jul-97
      Jul-98
      Jul-99
      Jul-00
      Jul-01
      Jul-02
      Jul-03
      Jul-04
      Jul-05
      Jul-06
      Jul-07
      Jul-08
      Jul-09
      Jan-90
      Jan-91
      Jan-92
      Jan-93
      Jan-94
      Jan-95
      Jan-96
      Jan-97
      Jan-98
      Jan-99
      Jan-00
      Jan-01
      Jan-02
      Jan-03
      Jan-04
      Jan-05
      Jan-06
      Jan-07
      Jan-08
      Jan-09
      Jan-10
      SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
    • Median Price Annual Comparison
      Riverside County, 2009: $172,714, Down 27.7% YTY
      MONTHLY
      ANNUAL
      $450,000
      $400,000
      $350,000
      $300,000
      $250,000
      $200,000
      $150,000
      $450,000
      $400,000
      $350,000
      $300,000
      $250,000
      $200,000
      $150,000
      $100,000
      $50,000
      $-
      SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
      $100,000
      $50,000
      $-
      2006
      2007
      2008
      2009
      2010
      1989
      1991
      1993
      1995
      1997
      1999
      2001
      2003
      2005
      2007
      2009
      Jul
      Oct
      Jan
      Jun
      Apr
      Nov
      Feb
      Mar
      Dec
      Aug
      May
      Sept
    • Median Home Sales Price
      Riverside County
      Yearly %
      Change
      May-10
      May-09
      Riverside County
      Banning
      Beaumont
      Cathedral City
      Corona
      Desert Hot Springs
      Hemet
      Indio
      La Quinta
      Lake Elsinore
      Menifee
      Mira Loma
      Moreno Valley
      $210,000
      $147,000
      $206,000
      $162,000
      $336,750
      $110,000
      $130,000
      $189,250
      $330,000
      $180,000
      $215,000
      $340,000
      $165,000
      $180,000
      $112,500
      $199,000
      $153,955
      $308,000
      $82,000
      $121,000
      $171,000
      $325,000
      $170,000
      $205,500
      $277,500
      $130,000
      16.7%
      30.7%
      3.5%
      5.2%
      9.3%
      34.1%
      7.4%
      10.7%
      1.5%
      5.9%
      4.6%
      22.5%
      26.9%
      SOURCE: C.A.R.; DataQuick Information Systems. The
      price statistics are derived from all types of home sales --
      new and existing, condos and single-family.
    • Median Home Sales Price
      Riverside County
      Yearly %
      Change
      May-10
      May-09
      Murrieta
      Norco
      Palm Desert
      Palm Springs
      Perris
      Rancho Mirage
      Riverside
      San Jacinto
      Sun City
      Temecula
      Wildomar
      Winchester
      $249,000
      $297,250
      $308,000
      $227,250
      $170,000
      $490,000
      $200,000
      $135,500
      $175,000
      $270,000
      $210,000
      $235,500
      $230,000
      $370,000
      $295,000
      $200,000
      $132,000
      $459,000
      $177,000
      $130,000
      $146,500
      $240,000
      $233,000
      $240,000
      8.3%
      -19.7%
      4.4%
      13.6%
      28.8%
      6.8%
      13.0%
      4.2%
      19.5%
      12.5%
      -9.9%
      -1.9%
      SOURCE: C.A.R.; DataQuick Information Systems. The
      price statistics are derived from all types of home sales --
      new and existing, condos and single-family.
    • Unsold Inventory Index
      Riverside and San Bernardino Counties, May 2010: 4.1 Months
      MONTHS
      30
      Inland Empire
      25
      20
      15
      10
      5
      0
      SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
      Riverside & San Bernardino
      Jul-93
      Jul-94
      Jul-95
      Jul-96
      Jul-97
      Jul-98
      Jul-99
      Jul-00
      Jul-01
      Jul-02
      Jul-03
      Jul-04
      Jul-05
      Jul-06
      Jul-07
      Jul-08
      Jul-09
      Jan-93
      Jan-94
      Jan-95
      Jan-96
      Jan-97
      Jan-98
      Jan-99
      Jan-00
      Jan-01
      Jan-02
      Jan-03
      Jan-04
      Jan-05
      Jan-06
      Jan-07
      Jan-08
      Jan-09
      Jan-10
    • Median Time on the Market
      Single-Family Homes – Riverside/San Bernardino, May 2010: 31.3 Days
      140
      120
      100
      80
      60
      40
      20
      0
      1/1/1989
      1/1/1990
      1/1/1991
      1/1/1992
      1/1/1993
      1/1/1994
      1/1/1995
      1/1/1996
      1/1/1997
      1/1/1998
      1/1/1999
      1/1/2000
      1/1/2001
      1/1/2002
      1/1/2003
      1/1/2004
      1/1/2005
      1/1/2006
      1/1/2007
      1/1/2008
      1/1/2009
      1/1/2010
      SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
    • Foreclosures
      Riverside County
      14000
      12000
      10000
      8000
      6000
      4000
      2000
      0
      Q1/89
      Q1/90
      Q1/91
      Q1/92
      Q1/93
      Q1/94
      Q1/95
      Q1/96
      Q1/97
      Q1/98
      Q1/99
      Q1/00
      Q1/01
      Q1/02
      Q1/03
      Q1/04
      Q1/05
      Q1/06
      Q1/07
      Q1/08
      Q1/09
      SOURCE: Real Estate Research Council
    • Ratio of Foreclosures to Home Sales
      Riverside County
      80%
      70%
      60%
      50%
      40%
      30%
      20%
      10%
      0%
      1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
      SOURCE: Real Estate Research Council
    • Mortgage Rates
      10%
      9%
      8%
      7%
      6%
      5%
      FRM
      ARM
      Federal Funds
      4%
      3%
      2%
      1%
      0%
      SOURCE: Federal Home Loan Mortgage Corporation
      Jul-91
      Jul-92
      Jul-93
      Jul-94
      Jul-95
      Jul-96
      Jul-97
      Jul-98
      Jul-99
      Jul-00
      Jul-01
      Jul-02
      Jul-03
      Jul-04
      Jul-05
      Jul-06
      Jul-07
      Jul-08
      Jul-09
      Jan-91
      Jan-92
      Jan-93
      Jan-94
      Jan-95
      Jan-96
      Jan-97
      Jan-98
      Jan-99
      Jan-00
      Jan-01
      Jan-02
      Jan-03
      Jan-04
      Jan-05
      Jan-06
      Jan-07
      Jan-08
      Jan-09
      Jan-10
    • Housing Affordability Index
      Riverside County, 1st Quarter 2010: 63%
      % OF HOUSEHOLDS THAT CAN BUY
      80%
      60%
      40%
      20%
      0%
      SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
      QTRLY
      Monthly
      ----
      Jul-90
      Jul-91
      Jul-92
      Jul-93
      Jul-94
      Jul-95
      Jul-96
      Jul-97
      Jul-98
      Jul-99
      Jul-00
      Jul-01
      Jul-02
      Jul-03
      Jul-04
      Jul-05
      2007.2
      2008.4
      Jan-90
      Jan-91
      Jan-92
      Jan-93
      Jan-94
      Jan-95
      Jan-96
      Jan-97
      Jan-98
      Jan-99
      Jan-00
      Jan-01
      Jan-02
      Jan-03
      Jan-04
      Jan-05
    • First-time Buyer Housing Affordability Index
      Riverside County, 1st Quarter 2010: 77%
      % OF HOUSEHOLDS THAT CAN BUY
      100%
      90%
      80%
      70%
      60%
      50%
      40%
      30%
      20%
      10%
      0%
      Q1/03
      Q3/03
      Q1/04
      Q3/04
      Q1/05
      Q3/05
      Q1/06
      Q3/06
      Q1/07
      Q3/07
      Q1/08
      Q3/08
      Q1/09
      Q3/09
      Q1/10
      SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
    • Nonfarm Employment
      Riverside/San Bernardino Metropolitan Area, May 2010: Down 3.1% YTY
      Y-T-Y PERCENT CHANGE
      10%
      8%
      6%
      4%
      2%
      0%
      -2%
      -4%
      -6%
      -8%
      -10%
      Jul-91
      Jul-92
      Jul-93
      Jul-94
      Jul-95
      Jul-96
      Jul-97
      Jul-98
      Jul-99
      Jul-00
      Jul-01
      Jul-02
      Jul-03
      Jul-04
      Jul-05
      Jul-06
      Jul-07
      Jul-08
      Jul-09
      Jan-91
      Jan-92
      Jan-93
      Jan-94
      Jan-95
      Jan-96
      Jan-97
      Jan-98
      Jan-99
      Jan-00
      Jan-01
      Jan-02
      Jan-03
      Jan-04
      Jan-05
      Jan-06
      Jan-07
      Jan-08
      Jan-09
      Jan-10
      SOURCE: CA Employment Development Division
    • Unemployment Rate
      Riverside County, May 2010: 14.0%
      16%
      14%
      12%
      10%
      8%
      6%
      4%
      2%
      0%
      Jul-90
      Jul-91
      Jul-92
      Jul-93
      Jul-94
      Jul-95
      Jul-96
      Jul-97
      Jul-98
      Jul-99
      Jul-00
      Jul-01
      Jul-02
      Jul-03
      Jul-04
      Jul-05
      Jul-06
      Jul-07
      Jul-08
      Jul-09
      Jan-90
      Jan-91
      Jan-92
      Jan-93
      Jan-94
      Jan-95
      Jan-96
      Jan-97
      Jan-98
      Jan-99
      Jan-00
      Jan-01
      Jan-02
      Jan-03
      Jan-04
      Jan-05
      Jan-06
      Jan-07
      Jan-08
      Jan-09
      Jan-10
      SOURCE: CA Employment Development Division
    • Unemployment Rate
      Riverside County – May 2010
      Area Name
      Riverside County
      Banning city
      Beaumont city
      Bermuda Dunes CDP
      Blythe city
      Cabazon CDP
      Calimesa city
      Canyon Lake city
      Cathedral City city
      Cherry Valley CDP
      Coachella city
      Corona city
      Desert Hot Springs city
      East Hemet CDP
      El Cerrito CDP
      Glen Avon CDP
      Labor Force
      909,400
      11,600
      6,800
      4,300
      7,100
      1,200
      4,100
      6,400
      26,100
      3,300
      12,300
      83,300
      9,500
      8,800
      3,000
      8,500
      Rate
      14.0%
      15.9%
      15.9%
      6.5%
      16.7%
      33.2%
      10.7%
      8.6%
      13.7%
      12.5%
      21.7%
      10.3%
      19.5%
      14.5%
      15.7%
      15.6%
      CCD Census County Division
      CDP Census Designated Place
      SOURCE: CA Employment Development Department
    • Unemployment Rate
      Riverside County – May 2010
      Area Name
      Hemet city
      Highgrove CDP
      Home Gardens CDP
      Homeland CDP
      Idyllwild Pine Cove CDP
      Indian Wells city
      Indio city
      La Quinta city
      Lake Elsinore city
      Lakeland Village CDP
      Lakeview CDP
      March AFB CDP
      Mecca CDP
      Mira Loma CDP
      Moreno Valley city
      Murrieta city
      Labor Force
      26,700
      2,000
      5,800
      1,600
      2,600
      1,700
      27,200
      14,600
      17,100
      3,400
      1,000
      200
      3,500
      10,600
      87,500
      27,100
      Rate
      17.5%
      17.6%
      15.3%
      26.5%
      18.1%
      5.0%
      15.1%
      7.4%
      13.6%
      21.8%
      16.6%
      14.2%
      27.1%
      13.6%
      16.1%
      9.3%
      CCD Census County Division
      CDP Census Designated Place
      SOURCE: CA Employment Development Department
    • Unemployment Rate
      Riverside County – May 2010
      Area Name
      Murrieta Hot Springs CDP
      Norco city
      Nuevo CDP
      Palm Desert city
      Palm Springs city
      Pedley CDP
      Perris city
      Quail Valley CDP
      Rancho Mirage city
      Riverside city
      Romoland CDP
      Rubidoux CDP
      San Jacinto city
      Sedco Hills CDP
      Sun City CDP
      Labor Force
      1,100
      13,500
      2,400
      24,700
      26,100
      7,300
      19,800
      1,000
      6,400
      160,000
      1,500
      17,200
      12,500
      1,500
      6,300
      Rate
      17.3%
      11.4%
      11.4%
      8.4%
      10.9%
      9.9%
      21.4%
      22.0%
      12.5%
      14.1%
      21.6%
      19.5%
      20.8%
      15.0%
      14.9%
      CCD Census County Division
      CDP Census Designated Place
      SOURCE: CA Employment Development Department
    • Unemployment Rate
      Riverside County – May 2010
      Area Name
      Sunnyslope CDP
      Temecula city
      Thousand Palms CDP
      Valle Vista CDP
      Wildomar CDP
      Winchester CDP
      Woodcrest CDP
      Labor Force
      2,500
      36,300
      2,500
      5,600
      8,100
      1,500
      5,600
      Rate
      12.4%
      9.6%
      9.8%
      14.9%
      12.3%
      20.2%
      8.8%
      CCD Census County Division
      CDP Census Designated Place
      SOURCE: CA Employment Development Department
    • Taxable Sales
      Riverside County
      ANNUAL PERCENT CHANGE
      25%
      20%
      15%
      10%
      5%
      0%
      -5%
      -10%
      -15%
      -20%
      Q1/89
      Q3/89
      Q1/90
      Q3/90
      Q1/91
      Q3/91
      Q1/92
      Q3/92
      Q1/93
      Q3/93
      Q1/94
      Q3/94
      Q1/95
      Q3/95
      Q1/96
      Q3/96
      Q1/97
      Q3/97
      Q1/98
      Q3/98
      Q1/99
      Q3/99
      Q1/00
      Q3/00
      Q1/01
      Q3/01
      Q1/02
      Q3/02
      Q1/03
      Q3/03
      Q1/04
      Q3/04
      Q1/05
      Q3/05
      Q1/06
      Q3/06
      Q1/07
      Q3/07
      Q1/08
      Q3/08
      Q1/09
      SOURCE: CA State Board of Equalization
    • New Housing Permits
      Riverside County, April 2010: 368 Units, Up 14.2% YTD
      5000
      4500
      Single Family
      Multi-Family
      4000
      3500
      3000
      2500
      2000
      1500
      1000
      500
      0
      SOURCE: Construction Industry Research Board
      Jan-88
      Jan-89
      Jan-90
      Jan-91
      Jan-92
      Jan-93
      Jan-94
      Jan-95
      Jan-96
      Jan-97
      Jan-98
      Jan-99
      Jan-00
      Jan-01
      Jan-02
      Jan-03
      Jan-04
      Jan-05
      Jan-06
      Jan-07
      Jan-08
      Jan-09
      Jan-10
    • Median Price for New Homes
      Riverside County 1Q10 Detached: $285,323, Attached: $196,990
      $500,000
      $450,000
      $400,000
      Detached
      $350,000
      $300,000
      $250,000
      $200,000
      $150,000
      $100,000
      $50,000
      $0
      SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®;
      Hanley Wood
      Attached
      Q1/88
      Q1/89
      Q1/90
      Q1/91
      Q1/92
      Q1/93
      Q1/94
      Q1/95
      Q1/96
      Q1/97
      Q1/98
      Q1/99
      Q1/00
      Q1/01
      Q1/02
      Q1/03
      Q1/04
      Q1/05
      Q1/06
      Q1/07
      Q1/08
      Q1/09
      Q1/10
    • New Home Sales
      Riverside County (Attached), 2010 Q1 Sales: 85 Units
      1200
      1000
      800
      600
      400
      200
      0
      Q1/88
      Q3/88
      Q1/89
      Q3/89
      Q1/90
      Q3/90
      Q1/91
      Q3/91
      Q1/92
      Q3/92
      Q1/93
      Q3/93
      Q1/94
      Q3/94
      Q1/95
      Q3/95
      Q1/96
      Q3/96
      Q1/97
      Q3/97
      Q1/98
      Q3/98
      Q1/99
      Q3/99
      Q1/00
      Q3/00
      Q1/01
      Q3/01
      Q1/02
      Q3/02
      Q1/03
      Q3/03
      Q1/04
      Q3/04
      Q1/05
      Q3/05
      Q1/06
      Q3/06
      Q1/07
      Q3/07
      Q1/08
      Q3/08
      Q1/09
      Q3/09
      Q1/10
      SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®;
      Hanley Wood
    • New Home Sales
      Riverside County (Detached), 2010 Q1 Sales: 774 Units
      8000
      7000
      6000
      5000
      4000
      3000
      2000
      1000
      0
      Q1/88
      Q3/88
      Q1/89
      Q3/89
      Q1/90
      Q3/90
      Q1/91
      Q3/91
      Q1/92
      Q3/92
      Q1/93
      Q3/93
      Q1/94
      Q3/94
      Q1/95
      Q3/95
      Q1/96
      Q3/96
      Q1/97
      Q3/97
      Q1/98
      Q3/98
      Q1/99
      Q3/99
      Q1/00
      Q3/00
      Q1/01
      Q3/01
      Q1/02
      Q3/02
      Q1/03
      Q3/03
      Q1/04
      Q3/04
      Q1/05
      Q3/05
      Q1/06
      Q3/06
      Q1/07
      Q3/07
      Q1/08
      Q3/08
      Q1/09
      Q3/09
      Q1/10
      SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®;
      Hanley Wood
    • Asking Rents for Class A&B Apartments
      Inland Empire, 2010 Q1: $1,054 Down 5.2% YTY
      $1,200
      $1,000
      $800
      $600
      $400
      $200
      $0
      Q3/97
      Q2/98
      Q1/99
      Q4/99
      Q3/00
      Q2/01
      Q1/02
      Q4/02
      Q3/03
      Q2/04
      Q1/05
      Q4/05
      Q3/06
      Q2/07
      Q1/08
      Q4/08
      Q3/09
      SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®;
      REALFACTS
    • Vacancy Rates for Class A&B Apartments
      Inland Empire, 2010 Q1: 7.2%
      VACANCY RATE
      9.0%
      8.0%
      7.0%
      6.0%
      5.0%
      4.0%
      3.0%
      2.0%
      1.0%
      0.0%
      1990
      1993
      Q4/95
      Q2/97
      Q1/98
      Q4/98
      Q3/99
      Q2/00
      Q1/01
      Q4/01
      Q3/02
      Q2/03
      Q1/04
      Q4/04
      Q3/05
      Q2/06
      Q1/07
      Q4/07
      Q3/08
      Q2/09
      Q1/10
      SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®;
      REALFACTS
    • Population Percent Changes
      Riverside County (1971-2008)
      10.0%
      9.0%
      8.0%
      7.0%
      Riverside County
      CA
      Nation
      6.0%
      5.0%
      4.0%
      3.0%
      2.0%
      1.0%
      0.0%
      SOURCE:U.S. Census Bureau;
      California Department of Finance;
      CALIFORNIA ASSOCIATION OF REALTORS®
      1971
      1972
      1973
      1974
      1975
      1976
      1977
      1978
      1979
      1980
      1981
      1982
      1983
      1984
      1985
      1986
      1987
      1988
      1989
      1990
      1991
      1992
      1993
      1994
      1995
      1996
      1997
      1998
      1999
      2000
      2001
      2002
      2003
      2004
      2005
      2006
      2007
      2008
    • Sources of Population Growth
      Riverside County (1981-2008)
      THOUSANDS
      120
      Natural Increase
      100
      Net Migration
      80
      60
      40
      20
      0
      SOURCE: CA Department of Finance
      06
      81
      82
      07
      08
      83
      84
      85
      86
      87
      88
      89
      91
      90
      94
      92
      93
      96
      95
      97
      98
      99
      00
      01
      02
      03
      04
      05
      20
      19
      19
      20
      20
      19
      19
      19
      19
      19
      19
      19
      19
      19
      19
      19
      19
      19
      19
      19
      19
      19
      20
      20
      20
      20
      20
      20
    • Net Immigration Vs. Domestic Migration
      Riverside County
      THOUSANDS
      Net Immigration
      60
      Domestic Migration
      50
      40
      30
      20
      10
      0
      1991
      1993
      1995
      1997
      1999
      2001
      2003
      2005
      2007
      SOURCE: CA Department of Finance
    • Household Relocations
      Riverside County
      County
      San Bernardino County, CA
      Orange County, CA
      Los Angeles County, CA
      San Diego County, CA
      Clark County, NV
      Maricopa County, AZ
      Imperial County, CA
      Ventura County, CA
      Kern County, CA
      Santa Clara County, CA
      Total-Top 10
      All Migration
      Outflow
      7,330
      6,165
      5,794
      4,706
      959
      901
      488
      330
      301
      259
      27,233
      42,086
      Inflow
      9,914
      6,970
      9,442
      4,682
      728
      612
      339
      332
      259
      271
      33,549
      44,893
      Net Outflow
      (2,584)
      (805)
      (3,648)
      24
      231
      289
      149
      (2)
      42
      (12)
      (6,316)
      (2,807)
      621,197
      -1.0%
      -0.5%
      Total Number of Households
      Top 10 as % of All Households
      All Net Mig as % of All Households
      Source: NAR Relocation Report 2008 – IRS Data; Item 187-06065, US Census Bureau
    • Where are new Riverside County
      households coming from?







      San Bernardino (9,914)
      Los Angeles (9,442)
      Orange County (6,970)
      San Diego (4,682)
      Clark (728)
      Total incoming for 2008: 44,893
      Total outgoing for 2008: 42,086
      Source: NAR Relocation Report 2008 – IRS Data; Item 187-06065
    • Net Immigration by Ethnic Group
      Riverside County (1990 Census to 2000 Census)
      White, Non-Hispanic
      Hispanic
      Asian/Pacific Islander
      Black or Afr. Amer.,
      Non-Hisp.
      Amer. Indian & Alaska
      Native, Non-Hisp.
      0
      20
      40
      60
      80
      100
      120
      140
      160
      Thousands
      SOURCE: CA Dept. of Finance
    • Number of Households by Ethnicity
      Riverside County (1990 Census vs. 2000 Census)
      White
      Hispanic
      Asian/Pacific Islander
      1990
      2000
      Black
      0
      SOURCE: U.S. Census Bureau
      50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000
    • Top 10 Home Buyer Surnames
      Riverside County
      GARCIA
      MARTINEZ
      GONZALEZ
      RODRIGUEZ
      LOPEZ
      HERNANDEZ
      PEREZ
      SMITH
      SANCHEZ
      RAMIREZ
      0
      50
      100
      150
      200
      250
      300
      Number of Buyers
      Note: Data is based on 2007 data.
      SOURCE: DataQuick Information Systems
    • Population by Age Group
      Riverside County (2000-2010)
      Thousands
      2000
      500
      2010
      450
      400
      350
      300
      250
      200
      150
      100
      50
      0
      0-14
      15-24
      25-34
      35-44
      45-54
      55-64
      65-74
      75+
      SOURCE: California Department of Finance;
      CALIFORNIA ASSOCIATION OF REALTORS®
    • Homeownership Rates
      Riverside-San Bernardino Metropolitan Area, 2009: 65.9%
      79%
      66%
      53%
      40%
      26%
      13%
      0%
      1986
      1987
      1988
      1989
      1990
      1991
      1992
      1993
      1994
      1995
      1996
      1997
      1998
      1999
      2000
      2001
      2002
      2003
      2004
      2005
      2006
      2007
      2008
      2009
      SOURCE: U.S. Census Bureau
    • Homeownership Rates by Age
      Riverside County (2000 Census)
      100%
      80%
      60%
      40%
      20%
      0%
      15-24
      25-34
      35-44
      45-54
      55-64
      65-74
      75-84
      85+
      SOURCE: California Department of Finance;
      CALIFORNIA ASSOCIATION OF REALTORS®