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Tag Archives: Real Estate

Delinquent mortgages drop, locally and nationally

Local foreclosures edge down

Four point five percent of the mortgages in the United States were delinquent during June, according to data released Tuesday. That was a drop of .8 percent year-over, Irvine-based CoreLogic reported. The national foreclosure inventory rate, which gauges the share of mortgages in some stage of delinquency, was .7 percent …

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State housing shortage discussed

Economic conference scheduled

California’s chronic housing shortage was a main topic of conversation Thursday at a luncheon sponsored by the Baldy View chapter of the Building Industry Association of Southern California. The event was the chapter’s second annual education summit, which is dedicated to discussing how schools in San Bernardino County are impacted …

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Retail center adds tenants

Inland retail shows growth

Perris Marketplace, a neighborhood retail center anchored by a Super Walmart, is now fully occupied. Baskin Robbins, Jamba Juice and Daniel’s Jewelers all recently signed leases to locate at the facility at 1700 N. Perris Blvd. near Interstate 215, according to Progressive Real Estate Partners. Details of the leases, which …

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Retail property in Riverside sells

Retail Building Sells

A neighborhood retail center next to Riverside Plaza that recently underwent a major renovation has been sold. The property, at 3739-3747 Central Ave., changed hands for a little more than $4 million, Faris Lee Investments announced Thursday. Red Mountain Retail Group in Santa Ana, which revives underperforming shopping malls sold …

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Local, national rental rates rise

Inland apartments part of major transaction

U.S. monthly rents rose 2.4 percent in August year-over-year, to an average of $1,352, according to a report. Gains in rent slowed somewhat during the summer, mostly because of a slowdown in multifamily construction, Yardi Matrix reported. Yardi Matrix, which conducts research for the apartment industry, revised its prediction for …

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Home prices keep rising

Local, National Home Prices Continue to Increase

Home prices in Riverside and San Bernardino counties rose 6.8 percent in July compared with July 2016, according to data released Tuesday. Month-over-month, there was a price increase in the two-county region but nowhere near as dramatic: only one percent, Irvine-based CoreLogic reported. The Inland housing market practically mirrored the …

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