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Real Estate

Delinquent mortgage payments drop

“Underwater” Home Decline

The Inland Empire’s mortgage delinquency rate dropped slightly between February 2017 and February of this year, according to data released Tuesday. Four point two percent of all mortgages in Riverside and San Bernardino counties were delinquent by 30 days or more in February, a .4 percent drop year-over-year, Irvine-based CoreLogic …

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U.S. home prices climb

Home prices nationwide were up in March, the result of a lot of potential buyers but not enough houses to meet demand, according to report released Tuesday. Prices rose seven percent year-over-year and 1.4 percent compared with February, Irvine-based CoreLogic reported in its monthly Home Price Index. “Home prices grew …

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Inland office market might be stronger than it appears

Inland Empire office market continues to improve

The numbers aren’t through-the-roof, but there’s reason to believe the market might be stronger than the data indicates. On the surface, the Inland Empire office appears to be plodding along, keeping its head above water but not accomplishing much else. The first quarter numbers from two major brokerages tell a …

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Southern California home prices soar

Home Prices Increase

Southern California’s median home price rose 8.4 percent in March, as too many buyers pursued too few new and existing houses and condominiums. The region’s median price, 519,000, was a $40,000 increase from March, 2017, according to Irvine-base CoreLogic’s monthly housing report, which was released Monday. That was also the …

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IE retail has solid first quarter

Retail Building Sells

The Inland Empire posted strong retail numbers during the first quarter, bolstered by five shopping centers completing construction during that time. Riverside and San Bernardino counties added 355,725 square feet of retail space during that time while absorbing nearly 20,000 square feet, according to CBRE. Leases averaged $2.00 per square …

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Two restaurants planned in Highland

Ground has been broken on 1.6 acres in Highland that will be home to two fast-food restaurants. The retail pads, at 27220 and 27734 Base Line St., will be occupied by a Panda Express and a Jack in the Box, according to a statement released Tuesday by Evergreen Devco Inc. …

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