The Growth of the Inland Empire

The Los Angeles Times reported this morning that the Inland Empire, Riverside County is growing faster than Los Angeles County, as per new Census figures. This is not news to residents of the Inland Empire, which has been experiencing a boom in housing prices, with the median price shooting up 26% in the last year to $379,000. That’s still a bargain by LA standards, and one of the major reasons why people are going Inland. Dr. John Husing, Vice President of Economic and Politics, Inc. based in Redlands, and John Karevoll, Analyst for DataQuick Information Systems, a real estate information company in Southern California, join Larry to talk about the consequences of the rapid pace of growth in the Inland Empire.