Inland Empire Housing Market and Appreciation data for investors, by Ruby Frazier.

Inland Empire Housing Market and Appreciation data for investors

By Ruby Frazier

have climbed by 13% in the last year. “Further worsening the affordability gap to homeownership and fueling significant rent increases,” says Kevin Green of Marcus & Millichap. According to web ads for the property, rents at the complex now run from $1,967 per month for a one-bedroom to $2,653 per month for a two-bedroom. In December, the average rent in the city was $2,074 for an 881-square-foot flat, up from the previous year.

Given the region’s rapid population increase and high demand from competitive purchasers, supply is crucial to the market’s viability. Potential buyers may be put off by rising costs, which are likely to continue this year in the absence of a supply of new homes. According to the Federal Reserve Economic Data (FRED), the number of new housing units permitted by building permits in Inland has increased every year over the past ten years. Nonetheless, the economy is improving, with company activity exceeding national growth in the most recent quarter. However, signals point to a downturn this year, with housing expenses among the issues limiting labor and unemployment. The Inland Empire is one of the best regions to invest in real estate since it has all the economic growth factors favorable to real estate. The population will continue to grow, pushing demand even higher, with approximately 215,000 new work possibilities and a 7.6% decrease in unemployment. It is the best time for all real investors.

The Inland Empire has long been regarded as one of Southern California’s most cheap housing markets. However, due to historically low mortgage rates, an avalanche of purchasers has just flooded the Inland Empire housing market, driving home values through the ceiling. The property market is booming, with properties selling faster for more than the asking price, and with so many people relocating there, the real estate market has grown incredibly hot, making it extremely expensive to live there.

The median price in the Inland Empire increased by 17.6 percent year over year, to $529,000. The median listing property price in Inland was $469.9K a month ago. This was 17.5 percent year over year, according to realtor.com. A home’s average listing price per square foot was $295. A home’s median sold price was $465.5K. The high demand for homes in comparison to the supply available, as well as low mortgage rates, are all factors contributing to rising prices.

New Standard Equities paid roughly $342,000 per unit, which is on the top end of the price range, have climbed by 34% in the last year. Single-family home prices in the Inland Empire

The Power Is Now Media, Inc Applauds the Nomination of Judge Ketanji Brown Jackson to the Supreme Court!

KETANJI BROWN JACKSON

Supreme Court Judge

Ketanji Brown was born in Washington DC in 1970 but was raised in Miami Florida. Her parents were both graduates of Historically Black Colleges and Universities. Ketanji’s father, Johnny Brown was a lawyer who rose to the ranks to become the chief attorney for the Miami Dade County school attorney. Meanwhile, her mother, Ellery was a school principal at New Worlds School of the Arts.

While Jackson was in college, her uncle was sentenced to life imprisonment after being found guilty of dealing cocaine. Years later Jackson would persuade a law firm to take his case pro bono and the then president, Barack Obama eventually commuted his sentence.

Most of her junior life was spent in Miami where she grew up, attending the Miami Palmetto Senior High School. She graduated from the school in 1988. In her senior year, Jackson won the national Oratory title at the National Catholic Forensic League Championship in New Orleans. This is the second-largest high school debate tournament in the United States.

After graduating from high school, Jackson studied government at Harvard University. While in Harvard, Jackson performed improv comedy and also combined the classes with drama. At one point, a student displayed a confederate flag from his dorm window. Jackson led protests to condemn this act. She graduated in 1992 with an A.B. Magna cum Laude. She wrote one of the best theses to date entitled “The Hand of Oppression: Plea Bargaining Processes and the Coercion of Criminal Defendants”.

After her graduation, she worked as a staff reporter and researcher for Time Magazine before returning to school to pursue law. She ended up being the supervising editor for the Harvard Law Review. In 1996, Jackson graduated from Harvard Law School with a Juris Doctor cum laude.

HER CAREER

Soon after graduating, Jackson worked several posts as a law clerk. Between the years 1996 and 1998, she worked as a law clerk to Judge Patti B. Saris of the U.S District Court for the District of Massachusetts and to Judge Bruce M. Selya of the U.S. Court of Appeals for the First Circuit before proceeding to practice privately at Baker Botts.

Between the years 2000 and 2003, Jackson practiced law privately for several law firms. She first worked with a Bostonbased law firm, Goodwin Procter and then at Feinberg & Rozen LLP. The next two years that followed, she served as an assistant special counsel to the United States Sentencing Commission. after which she was an assistant federal public defender in Washington D.C a position she held for 2 years, from 2005 to 2007.

While working as an assistant federal public defender, Jackson handled cases before the U.S. Court of Appeals for the D.C. Circuit. A quick review of the cases she handled shows that Jackson “won uncommon victories against the government that shortened or erased lengthy prison terms”. Entry to the U.S. Sentencing Commission

In 2009, Barack Obama nominated Jackson to be the vice-chair of the United States Sentencing Commission. She was confirmed by the Senate unanimously in February 2010. She served at the commission until 2014 and during her tenure, the commission retroactively amended the Sentencing guidelines to reduce the guideline for crack cocaine offenses. The commission also enacted the ‘drugs minus two’ amendment which implemented a two offense-level reduction for drug crimes.

Fast forward to 2012, Barrack again nominated Jackson to serve as the Judge for the US District Court for the District of Columbia. She was confirmed by the full Senate by voice vote in March 2013.

During her tenure at the District Court, Jackson had to go head to head with President Trump. She actually wrote multiple decisions that were averse to the position of the Trump administration. For instance, she ordered Trump’s former White House Counsel Donald McGahn to comply with a legislative subpoena. Nonetheless, her tenure was also marked by challenges, especially to an executive agency’s actions that raised a lot of questions of administrative law.

Judge Ketanji Brown Jackson speaks after President Joe Biden announced Jackson as his nominee to the Supreme Court in the Cross Hall of the White House, Friday, Feb. 25, 2022, in Washington. Vice President Kamala Harris listens at right. (AP Photo/Carolyn Kaster)

Fast forward to 2021, the Bloomberg Law reported that there were conservative activists who were pointing to certain decisions Jackson made in the past, which had been reversed on appeal, and because of this, they could have potential blemishes to her track record. Two of her popular decisions that were reversed include a decision where she ruled that three of Trump’s executive orders conflicted with the Federal employee rights to collective bargaining. When this case was taken to the court of appeal, her decision was reversed unanimously by the D.C. Circuit. another one of her decisions was made in 2019. It involved a challenge to a Department of Homeland Security decision to expand the agency’s definition of which noncitizens could be deported.

Coming to her defense, the President of the liberal Alliance for Justice, Nan Aron said that Jackson “has written nearly 600 opinions and been reversed less than twelve times”.

NOTABLE RULINGS BY KETANJI

some of the notable rulings she has made over the years include;

l American Meat Institute v. U.S.

Department of Agriculture (2013).

In this case, Ketanji dismissed the requests by the meatpacking industry for a preliminary injunction to block a U.S. Department of

Agriculture rule requiring them to identify animals’ country of origin. Jackson found that the rule likely did not violate the First

Amendment. l Depomed v. Department of Health and

Human Services (2014).

In this case, Jackson ruled that the Food and Drug Administration had violated the

Administrative Procedure Act when it failed to grant pharmaceutical company Depomed market exclusivity for its orphan drug, Gralise.

Jackson concluded that the Orphan Drug Act required the FDA to grant Gralise exclusivity. l Pierce v. District of Columbia (2015).

Here, she found that D.C. The Department of Corrections was in violation of the rights of a deaf inmate under the Americans with Disabilities Act because jail officials failed to assess the inmate’s need for accommodations when he first arrived at the jail. l American Federation of Government

Employees, AFL-CIO v. Trump (2018).

In this case, Jackson invalidated provisions of three executive orders that would have limited the time federal employee labor union officials could spend with union members, the issues that unions could bargain over in negotiations, and the rights of disciplined workers to appeal disciplinary actions.

Jackson concluded that the executive orders violated the right of federal employees to collectively bargain, as guaranteed by the Federal Service Labor-Management

Relations Statute.

However, D.C. The Court of Appeals reversed this ruling on Jurisdictional grounds in 2019. l In 2018, Jackson dismissed 40 wrongful

death and product liability lawsuits

stemming from the disappearance of

Malaysia Airlines Flight 370, which had been combined into single multidistrict litigation.

Jackson held that under the doctrine of forum non-conveniens, the suits should be brought in Malaysia, not the United States. The D.C.

Circuit affirmed this ruling in 2020. l Center for Biological Diversity v.

McAleenan (2019)

In this case, Jackson held that Congress had, through the Illegal Immigration Reform and Immigrant Responsibility Act, stripped federal courts of jurisdiction to hear nonconstitutional challenges to the U.S.

Secretary of Homeland Security’s decision to waive certain environmental requirements to facilitate construction of a border wall on the

United States and Mexico border.

APPOINTMENT TO THE COURT OF APPEALS

In 2021, the president (Joe Biden) announced that he will be nominating Jackson to serve as the US circuit judge for the Court of Appeals after the seat was vacated by Judge Merrick Garland. Her appointment to this seat was widely viewed as a waiting bench for the supreme court. During her confirmation hearing, Jackson was grilled about her previous rulings, especially the ruling she made against the Trump administration. She was finally confirmed in a 53-44 vote. Her first decision in the court was to invalidate a 2020 rule by the Federal Labor Relations Authority that had restricted the bargaining power of the Federal sector labor unions.

NOMINATION TO THE SUPREME COURT OF THE UNITED STATES

On February 25, 2022, the President announced that he would nominate Ketanji to succeed Stephen Breyer as an associate justice of the Supreme Court of the United States. If Jackson is confirmed, she will be the first African American Woman to serve on the Supreme Court.

Ketanji is 51 years old, she’s married with two daughters. If confirmed, she will be one of the youngest justices.

Will her ascension to the supreme court

be easy? Well, it depends. Republicans seem ‘cautious’ and ‘reserved’ and not that she hasn’t won their hearts before, she has, in fact, she’s been confirmed by the Senate three times. but now, it seems it might be an uphill battle for her. So far the initial reaction of the GOP to her nomination is still muted. But, it is important to acknowledge that many GOPs think of Jackson as an ‘experienced’ person which favors.

On the other hand, Democrats are all united behind Jackson. “With her exceptional qualifications, Judge Ketanji Brown Jackson will be a Justice who will uphold the Constitution and protect the rights of all Americans, including the voiceless and vulnerable,” Senate Majority Leader Charles E. Schumer (N.Y.) tweeted. If all the Democrats support her nomination, the president will not need any votes from the Republicans. but, support from the Republicans would make a difference as the president had prioritized bipartisanship.

AND SHE IS LIKED… LIBERALS REALLY LIKE HER

Even though they never pointed to Jackson by name, many liberal groups sent their letters to the president, championing Jackson. They hail her for her past work especially working with the disadvantaged in the justice system.

In a similar fashion, civil rights groups have also rallied behind her and this is evident as attorney Ben Crump wrote that she would represent the African American community well.

Before finalizing this article, it is important to mention that she will be making history, not just as an African American woman on the supreme court, she will also be the first public defender on the court. and this significant: in a court that lacks diversity in the judicial careers of its members, it is unsurprising that no current justice has represented criminal defendants, despite the many cases brought to the court. no current justice has served as a public defender where the accused person cannot afford to pay for their attorney. Jackson has been a public defender and also served on the sentencing commission.