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2 months ago | 
thevalleybusinessjournal.com | Adam Ruiz
As the 2025 legislative session begins and lawmakers start introducing bills, Governor Gavin Newsom has set the stage with his proposed $322 billion budget for the 2025-26 fiscal year. While this marks the first step in a process that will most likely see multiple adjustments before the June 15 deadline, Newsom’s initial proposal reflects optimism with a return to a balanced budget after two years of deficits.
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2 months ago | 
linkedin.com | Adam Ruiz
Adam A. Ruiz Vice President | Public Affairs 2h Report this post Attending the Greater Coachella Valley Chamber of Commerce Legislative Breakfast featuring Senator Ochoa-Bogh. It’s been great to meet so many elected officials and city leaders. It’s refreshing to know the Senator is hard at work and doing a great job representing the constituents in her district.
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Nov 29, 2024 | 
thevalleybusinessjournal.com | Adam Ruiz
Election day has come and gone, but with many ballots still unprocessed, the final results in some races remain uncertain. Here’s what we know so far about the outcomes in our community. In most of the city council races, incumbents managed to retain their seats, though a few new faces are set to join. Menifee will welcome Lesa Sobek as the new Mayor after Bill Zimmerman reached his term limit.
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May 28, 2024 | 
thevalleybusinessjournal.com | Adam Ruiz
Welcome to another edition of the REALTOR® Report! This is the busy time of year when I join thousands of REALTORS® as we gather for our Legislative Meetings in Sacramento and Washington, D.C., to advocate for housing-related issues and private property rights. Last week, more than 2,400 REALTORS® were in Sacramento for our legislative conference and business meetings and to meet with State legislators. Our voices united as we all met with the same three hot issues.
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May 1, 2024 | 
thevalleybusinessjournal.com | Adam Ruiz |Julie Ngo
Welcome to another edition of the REALTOR® Report! I can’t believe we are already into the year’s second quarter! March was an extremely busy month across the board. In addition to covering the data for our region, I will also discuss the many REALTOR® headlines you’ve been reading and provide some legislative updates. On March 15, 2024, the National Association of REALTORS® reached a proposed settlement that would end litigation of claims related to commissions.
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Mar 31, 2024 | 
thevalleybusinessjournal.com | Adam Ruiz |Corie Maue
Welcome to another edition of the REALTOR® Report! Happy Super Wednesday! Ok, I may have made that up, but yesterday was Super Tuesday, so let’s run with that. Besides, the numbers for this month’s report are an improvement from last month, making today a super day anyway. The housing market in Southwest Riverside County continues to be competitive, with limited inventory and rising prices.
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Mar 1, 2024 | 
thevalleybusinessjournal.com | Adam Ruiz
Welcome to another edition of the REALTOR® Report! 2024 is off and running, and I don’t see it slowing down any time soon. The housing market is continuing down a similar path, we are less than a week away from the Primary Election, and we are expecting a lot of bills to be introduced in the next ten days. The region experienced the lowest sales and volume in January since I started this report in 2021. Yet the market doesn’t feel like the doom and gloom days of 2008. Why is that?
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Jan 31, 2024 | 
thevalleybusinessjournal.com | Adam Ruiz
Welcome to another edition of the REALTOR® Report! Happy New Year, and welcome to 2024! I hope you all had a wonderful holiday and are ready for what’s sure to be a busy and exciting year ahead. I would also like to congratulate the newly appointed Mayors and Mayor Pro Tems! I look forward to continuing to work with you, your council, and your city staff to continue our conversations around housing and to keep all housing a priority and a successful part of our economy.
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Nov 2, 2023 | 
thevalleybusinessjournal.com | Adam Ruiz
Welcome to another edition of the REALTOR® Report! At the risk of sounding repetitive, the real estate market continues similarly to the previous months. Home prices remain relatively flat, although some cities had double-digit median price increases. Inventory and affordability remain challenging, as demonstrated by the lowest sales volume since February 2023. I will go into that deeper later in the report. Thankfully, there are a lot of other things to cover this month.
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Oct 1, 2023 | 
thevalleybusinessjournal.com | Adam Ruiz
If you were to ask a REALTOR®, “How’s the market?” I am sure you would get varied responses with one huge similarity…it’s a very unusual market. As you will recall, when rates dropped to record lows, purchasing power became very strong, and many people bought homes. There was a huge demand, driving prices up and keeping inventory low. Fast forward to today; you’d expect it to be the opposite. Less than two weeks ago, the Press Enterprise reported mortgage rates hit a 22-year high at almost 7.25%.
