San Bernardino County Housing Market Report: July 2015

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Toxic_Mortgage_Bomb_ShelterHistorically, properties in this market sell at a 25.7% discount. Today’s discount is 34.2%. This market is 8.5% undervalued.

Median home price is $268,100 with a rental parity value of $399,400. This market’s discount is $131,300.

Monthly payment affordability has been worsening over the last 1 month(s). Momentum suggests unchanging affordability.

Resale prices on a $/SF basis increased from $174/SF to $176/SF. Resale prices have been rising for 4 month(s).

Over the last 12 months, resale prices rose 3.5% indicating a longer term upward price trend.

Median rental rates increased $10 last month from $1,799 to $1,810. The current capitalization rate (rent/price) is 6.5%.

Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.

Market rating = 9

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