Real Estate

Homes with mortgages saw their equity increase by 12.3 percent nationwide during the second quarter, according to data released Thursday. That represented a gain of nearly $981 billion compared with the second quarter of 2017, Irvine-based CoreLogic reported. The average homeowner gained $16,200 in home equity during that time. About …

A gated community in Corona that will one day accommodate more than 1,600 home will display its first model homes Saturday. Bedford, which is being developed by The New Home Company in Aliso Viejo, is located southwest of the Cajalco Road-Interstate 15 interchange according to a statement released Wednesday. It …

A 504,000-square-foot warehouse-distribution facility in Riverside has been sold. Meridian Distribution Center II, which is part of the planned Meridian Business Park industrial project, sold for a reported $52 million, according to a  statement released Tuesday. Invesco Real Estate, a global real estate investment firm, bought the project from Sun …

Pardee Homes Inland Empire has broken ground on Atwell, a master-planned community in Banning. The project’s first phase will include 480 residential sites, two retail pads and a K-6 school site, according to a statement. It’s the first project of its kind in Banning in more than two decades. When …

Average multifamily rents in the United States rose $2 last month, a 3.1 percent increase compared with August 2017, according to data released this week. The average multifamily rent in August was $1,412, the seventh consecutive month that figure has hit a record high, Santa Barbara-based Yardi Matrix reported. Nationwide, …

Four point three percent of all mortgages in the United States were in some stage of delinquency in June, a slight year-over-year drop, according to data released Tuesday. June’s foreclosure inventory rate – which measures the number of mortgages in foreclosure –  was 0.5 percent nationwide, also a slight decline …