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Real Estate

Home Cash Sales Decline

Home Cash Sales Decline

Cash sales of single-family homes in the Inland Empire dropped slightly during March, according to data released Thursday. The number of cash transactions during the third month of the year in Riverside and San Bernardino counties was 25.3 percent, a 1.6 percent decrease year-over-year, Irvine-based CoreLogic reported in its monthly …

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Retail Properties Sold

Two free-standing retail properties in Moreno Valley have been sold. Rite Aid, which occupies a 16,730-square-foot building at 24991 Alessandro Blvd., and KFC, which is in a 2,995-square-foot structure at 16040 Perris Blvd., were sold to separate buyers, according to Faris Lee Investments. The Rite Aid sold for $5 million. …

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Housing Market Continues to Shine

Home Prices Increase

The Southern California housing market posted another solid month in May. Sales were up 3.3 percent year-over-year, and the median price of a single-family home, – $459,500 – was a 6.9 percent increase compared with May 2015, according to data released Tuesday by CoreLogic in Irvine. The Inland Empire posted …

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Are There Jumbo Home Loans in the Inland Empire?

Wholesale Capital Corporation

There are, says Wholesale Capital Corporation (WCC) president Ed Hoffman. Jumbo loans in California – which are loans that exceed the conforming loan limit for a given county (in both Riverside and San Bernardino counties, that limit is $417,000) – are slightly less common in the Inland Empire than in …

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Conference Calls for More Houses, Less Red Tape

Conference Calls for More Houses, Less Red Tape

San Bernardino County needs to build more single-family homes that people can afford to buy, and the sooner that happens the better. That was the overwhelming consensus at a housing policy conference held Friday at the Doubletree Hotel in Ontario. The event, which attracted about 250 people, was sponsored by …

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Local Distressed Sales Keep Dropping

Distressed Sale Continue to Drop

Distressed sales, including bank-owned properties and so-called short sales, accounted for 10.1 percent of all single-family home sales in the Inland Empire during March, according to data released Thursday. That number was significant because it marked the greatest improvement of any major market from its distressed sales peak, which in …

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