Press Enterprise - "Moody's sees sharp drop in Inland housing prices" (10-3-06)

"According to Moody's Economy.com, by late 2008, the Inland region will have experienced among the steepest declines of 379 metropolitan areas in the country and will be among 20 areas where prices for single-family homes on the resale market will fall by double digits."

For those of you who live in the Riverside area, City Council also just passed a $780 million dollar improvement campain squeezing about 20-30 years of fixes into five in hopes of attracting new business. If you thought traffic was bad already, hold onto your hats! They call it the Riverside Renaissance. See article.