LifestyleMarkets & Economy

Proposed stadiums would boost South Bay housing markets

  • Vote from NFL owners comes this week.
  • Non-stadium portion of the Inglewood project already underway.
  • Investors appears confident in the Inglewood deal receiving approval.

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A vote by NFL owners this week could significantly impact the cities of Inglewood and Carson, along with their real estate markets. If owners approve the move of a football franchise or franchises to one or both locales, the resulting project would completely revitalize either city and drive up home values. The St. Louis Rams, San Diego Chargers and Oakland Raiders all officially submitted applications for relocation to Los Angeles, according to the NFL. The Rams currently have a proposed deal in Inglewood, while the Chargers and Raiders have a joint project proposed in Carson. In Inglewood, investors are already snatching up homes in anticipation of future price appreciation stemming from the new stadium and surrounding development, according to Suzzane Dyer, an agent with Berkshire Hathaway Home Services - Rolling Hills Estates. She adds that Carson, which features a significant inventory of aged homes that have not been redeveloped, is in need of revitalization and...