Friday , June 24 2022

Real Estate

State home sales drop

Sales of existing single-family homes in California fell 15.2 percent year-over-year in May, according to the California Association of Realtors. Statewide sales totaled 377,790 during the fifth month of the year, while the median price of a single-family home was $898,980, up 9.9 percent from May 2021, the Los Angeles-based …

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Inland multifamily rents climb

Multifamily rents in the Inland Empire grew 11.2 percent in May year-over-year, according to data released this week. That ranks the Inland region 18th in multifamily rent growth among the top 40 U.S. markets, between Indianapolis [11.8 percent] and Denver [10.8 percent], according to apartments.com. Florida cities made up the …

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Home prices hit a new high

Housing rents continue to rise

U.S. home prices grew by a record-high 20.9 percent in April, according to data released this week. That was the second consecutive month home prices were up by more than 20 percent, and the 123rd consecutive month that an increase in home prices was recorded, Irvine-based CoreLogic reported. An estimated …

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