Real Estate

California’s housing market bounced back in June, with the median price of a single-family home hitting a record high, according to the California Association of Realtors. One month after the median price dropped below $600,000, it rose to $626,170 in June, a 2.5 percent year-over-year increase, the association reported recently. …

The number of delinquent loans in the United States grew to 6.1 percent in April, the highest level recorded since January 2016. Early-stage delinquencies – 30 to 59 days past due – were at 4.2 percent, up from 1.7 percent exactly one year earlier, CoreLogic reported in its monthly assessment …

Despite the economic turmoil brought on by COVID-19, the Inland Empire industrial market continued to put up solid numbers during the second quarter. The region’s vacancy rate – 3.9 percent – was a 7.7 percent year-over-year drop, and its average lease rate of 73 cents per square foot was essentially …

COVID-19 is starting to affect the local housing market if a recent quarterly report from one of Southern California’s most prominent homebuilders is any indication. Revenue, homes delivered and average selling price were all down substantially year-over-year for the quarter that ended May 31, according to Los Angeles-based KB Home. …

A free-standing All Star Car Wash and Castrol Oil and Lube Center in Corona has been sold for $5.7 million. The seller was a Japan-based private investor and the buyer an Orange-county private investor that also operates a successful professional mobile auto detailing business, according to a statement. Progressive Real …

A single-tenant building occupied by the County of San Bernardino has been sold. The building, located at 265 East 4th St. in San Bernardino, has been sold for $13,450,000.The 50,082-square-foot two-story building was built in 2009 and sits on 4.62 acres at the southwest corner of 4th Street and Waterman Avenue. …