Real Estate

Only two percent of all U.S. homeowners with a mortgage were in negative equity during the second quarter, about the same rate recorded during the past two years, according to a report. About 6.3 percent fewer homeowners were “underwater” in the second quarter compared with the previous quarter, Irvine-based CoreLogic …

A San Diego-based company has purchased nine industrial buildings in Chino for an undisclosed sum. Westcore, an industrial real estate investment company, bought the structures in a portfolio purchase that included similar structures in Valencia in Los Angeles County and Livermore in Northern California, according to a statement. The entire …

The question was a major topic of discussion during the 17th annual Southern California Water Conference hosted by the Building Industry Association of Southern California earlier this month. The half-day conference, held at the DoubleTree Hotel in Ontario, kicked off with balancing California’s water supply with its housing needs. Experts …

Single-family home sales in California totaled 269,180 in July, down three percent month-over-month and nine percent from exactly one year earlier, according to a recent report. Statewide, the median price of a single-family home last month was $832,340, down slightly from June but up 0.2 percent year-over-year, the first increase …

A 44-unit affordable housing complex in Palm Springs has been sold. Community Preservation Properties paid $11.2 million for Sunnyview Villa at 2950 N. Indian Canyon Road, according to a statement. That property, near the West End Racquet & Health Club, consists of one and two-story buildings for people who earn …

Housing affordability in California has fallen to its lowest rate in nearly 16 years, a result of interest rates consistently above six percent and not enough houses being built, according to data released Aug. 11. Only 16 percent of the state’s households were able to afford the $830,620 median-priced home …