The number of U.S. homes for sale rose three percent year-over-year during the four weeks that ended April 19, the largest increase since November, according to a report. During the same time, pending home sales fell 1.2 percent, the smallest decline in one month, while mortgage-purchase applications rose 10 percent …
Read More »US homes listed for sale rises
The number of U.S. homes for sale rose three percent year-over-year during the four weeks that ended April 19, the largest increase since November, according to a report. During the same time, pending home sales fell 1.2 percent, the smallest decline in one month, while mortgage-purchase applications rose 10 percent …
Read More »State housing market continues to struggle
California’s housing market stayed down in March, the result of the open-ended war with Iran, rising gas prices and up-and-down stock market. Sales of existing single-family homes totaled 265,320 during the third month of the year, down 3.5 percent from February, and down 2.5 percent year-over-year, according to the California Association …
Read More »PREP helps with LA County sale
Progressive Real Estate Partners in Rancho Cucamonga has helped negotiate the $13.5 million sale of a Los Angeles County shopping center. The Shops at Walnut Hills Plaza covers 37,200 square feet at 18718–18766 Amar Road and is fully leased, according to a statement on Progressive’s website. Progressive represented the seller, a …
Read More »Pending homes sales decline
Pending home sales dropped 4.1 percent nationwide during the four weeks that ended April 12, the largest decline in four years, a recent study found. During that time, 43 of the 50 largest housing markets recorded a decline in pending home sales, a trend attributed in part to the economic …
Read More »Restaurant property sold
A retail property in Lake Elsinore that is occupied by a Pollo Campero restaurant has been sold for $2.9 million. The 1.1-acre site at 29160 Central Ave. was sold by Evergreen Devco. Inc., which specializes in retail, multifamily and industrial real estate development, according to Hanley Investment Group in Corona …
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IE Business Daily Business news for the Inland Empire.