California’s housing sales declined for the second straight month in April, as the state’s median price hit an all-time high. Sales of existing single-family homes last month totaled 267,710, down 3.4 percent in March but essentially unchanged from April 2024, according to data released May 19 by the California Association of …
Read More »State housing affordability up slightly
Buying a home in California got a little easier during the first quarter of 2025, according to the California Association of Realtors. Seventeen percent of the state’s households could afford the median-price of a single-family detached home – $846,830 – during that time, up two percent from the fourth quarter …
Read More »Inland retail off to shaky start in 2025
The Inland Empire retail market got off to a somewhat slow start in 2025, posting a 6.8 percent availability rate for the first quarter, up from 6.5 percent one year earlier. Net absorption also moved in the wrong direction during the first three months of the year: minus-361,000 square feet, down …
Read More »Housing industry braces for possible recession
Nothing significant changed regarding the cost of buying a home in California between 2023 and 2024, unless you consider a one percent change in the number of people who can afford a home signifiant. For a little than more than four-fifths of the state’s population, buying a home remains an …
Read More »Inland office market posts solid first quarter
The Inland Empire office market is off to a good start in 2025. The region’s vacancy rate was 7.7 percent, down 0.2 percent from the last three months of 2024 according to CBRE. That’s a modest number but still noteworthy. because it marked the seventh consecutive quarter of positive net …
Read More »Perris industrial space leased
An unidentified tenant has leased 809,000 square feet of space in an industrial building in Perris. The structure at 450 E. Rider St. is part of the Rider Logistics Center, east of Interstate 215 and south of the Ramona Expressway, according to a statement. Terms of the agreement were not …
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