Monday , October 25 2021

Real Estate

Home price, national and local, soar

median priced home

Home prices nationwide rose 15.4 percent in May, the largest year-over-year increase since November 2005, according to data released today. Not enough houses being built combined with a demand for more homes continued to drive up prices during the fifth month of the year, causing many prospective buyers – especially …

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Riverside office buildings sells

Sold Sign

A 131-year-old office building in downtown Riverside has been sold. The three-story Loring Building at 3685 Main St. sold for $6.1 million, or $251 per square foot, according to a statement released by CBRE. CBRE represented the seller, a Riverside-based private investment group whose names were not released. The buyer …

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