Thursday , March 28 2024
Breaking News

Real Estate

Housing Sales Slow, Prices Jump

Local, National Home Prices Continue to Increase

Southern California’s housing market sent out mixed signals during October, with flat sales but a noticeable rise in prices. Sales of houses and condominiums in the six-count region – the Inland Empire plus Los Angeles, Orange, San Diego and Ventura counties – were up an insignificant 0.3 percent year-over-year, according …

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Moreno Valley Apartment Complex Sells

Apartment Rental Rates Expected to Rise

A large multifamily community in Moreno Valley has been sold. Broadstone Lasselle, a 304-unit complex near the intersection of Interstate 215 and the 60 Freeway, sold this month for a little more than $55 million, said Alex Garcia Jr., senior director with Marcus & Millichap’s Institutional Property Advisors division. The …

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Cash Sales of Inland Empire Homes Keeps Dropping

Home Cash Sales Decline

Cash sales accounted for 22.5 percent of all home sales in the Inland Empire in August, a drop of nearly one percent year-over-year, according to data released this week. Nationwide, 31.1 percent of all home sales in August were cash transactions, while distressed sales made up 7.3 percent and REO …

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Housing Affordability Flat

Home prices rise again

Thirty one percent of California households could afford to purchase the $515,940 median-priced home during the third quarter. That figure was essentially unchanged from the second quarter but was up nearly 30 percent year-over-year, according to data released this week by the California Association of Realtors in Los Angeles. A …

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Gated Community to Open

Gated Community to Open

A grand opening is scheduled to be held Saturday at a gated community in Montclair. Anzio, at 5165 Mission Blvd., consists of 31 three and four-bedroom detached homes, said Terry Kent, vice president of marketing for Crestwood Communities in Glendora, the project’s developer. Prices begin the low $400,000s.  The houses, …

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Former Fresh & Easy Facility Sells

Calavo Growers Inc

Calavo Growers Inc., a food distribution company that specializes in avocados, has purchased a production facility in Riverside. The facility, at 1730 Eastridge Ave., covers 128,000 square feet and was previously used by affiliates of Fresh & Easy Neighborhood Markets, according to a statement released Thursday. Renaissance Food Group LLC, …

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