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Mortgage delinquencies continue to fall

Mortgage delinquencies continue to fall

Two point eight percent of all U.S mortgages were in some stage of delinquency in October, a year-over-year drop of one percent, according to a report. Of those, mortgages 30 to 59 days past due stood at 1.3 percent, while those 60 to 89 days past due made up 0.4 …

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Home price growth slows

Nationwide housing prices take record jump

U.S. home prices rose 8.6 percent in November, the 130th consecutive month of price growth, according to data released today. That was the lowest rate of appreciation since November 2019, and it ended a streak of 21 consecutive months of double-digit price increases, Irvine-based CoreLogic reported. The 8.6 percent growth …

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U.S. rent growth slows

Nationwide housing prices take record jump

U.S. rents grew 8.8 percent in October, the lowest year-over-year growth rate since June 2021. That was also the sixth consecutive month that single-family rent growth slowed compared with the previous year, yet the 8.8 percent appreciation was three times larger than before the pandemic, Irvine-based CoreLogic reported. Rents are …

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Perris industrial building sold

Sold Spelled in Tiles

A 205,589-square-foot industrial building in Perris has been sold. The structure at 100 W. Walnut Ave. sold for $59.2 million, according to Avison Young Ontario. Avison Young represented the buyer, a fund managed by Ares Management, a global alternative investment manager. The seller, an investment group called 100 Walnut, LLC., …

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Home price growth slows

Nationwide housing prices take record jump

U.S. home prices grew 10.1 percent year-over-year in October, the lowest increase in nearly two years, according to data released Tuesday. Low inventory, loss of purchase power and uncertainty regarding the economy’s immediate future are some of the reasons for the slowdown, which is expected to last into next spring, …

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