Tuesday , October 3 2023
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Real Estate

Wildomar residential project finished

A 170-unit residential development in Wildomar has been completed. Tricon Wildomar is a rental community developed by Foremost Pacific Group in Mission Viejo, according to a statement. Located at 24802 Alita Way near Interstates 15 and 215, Tricon Wildomar consists of one-, two-, and three-bedroom townhomes with solar power, rentable …

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State housing sales expected to rise

Nationwide housing prices take record jump

Sales of existing single-family homes in California are expected to reach 327,100 units in 2024, a 30 percent increase from this year’s projected 266,200 units sold, according to a forecast released this week. The median price of a single-family home statewide is expected to reach $860,300 next year, a year-over-year …

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Financing secured for Moreno Valley industrial site

An Orange County industrial real estate company has secured financing on a 22-acre parcel in Moreno Valley. Cap Rock Partners in Newport Beach will either build a 500,000-square-foot industrial warehouse on the site, which is part of the World Logistics Center or sell the property once it’s entitled, according to …

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State home sales drop

U.S. home prices record annual decline

Sales of existing single-family homes in California totaled 254,740 in August, down 5.3 percent from July and down 19 percent from August 2022, according to data released Monday. Statewide, the median home price last month was $859,800, up 3.3 percent from July and a three percent increase year-over-year, the California …

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BofA building sells for record price

building sold

A building in Palm Desert occupied by a Bank of America branch office has been sold for $2.8 million. The 3,500-square-foot structure at Washington Street and Market Place Drive sold for $821 per square foot, the most paid for a Bank of America building in California to date this year, …

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Home prices maintain year-over-year growth

Money Growth Chart

U.S. home prices increased 2.5 percent year-over-year in July, the 138th consecutive month the housing market recorded a price gain compared with the previous year, according to data released today. July was also an improvement from May and June, when the national housing market posted 1.6 percent year-over-year price gains …

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