Real Estate

The California Association of Realtors has given Gov. Gavin Newsom its stamp of approval, after Newsom called for more homebuilding statewide. In his recent State of the State address, Newsom said the state must cut red tape and come up with ways to get more houses built, much to the …

Average rent of multifamily properties in the Inland Empire grew 4.6 percent in January compared with January 2019, according to a report. The occupancy rate in Riverside and San Bernardino counties – 96 percent – was virtually unchanged from exactly one year earlier, Santa Barbara-based Yardi Matrx reported in its …

Housing affordability in California held its ground during the fourth quarter, according to the California Association of Realtors. Thirty-one percent of all households statewide could afford the $607,040 median-priced home in the fourth quarter of 2019, unchanged from the third-quarter 2019 and up from 28 percent year-over-year, the association reported …

A “last-mile” distribution center in San Bernardino that is fully leased to FedEx has been sold. Gateway 5 Building South covers 143,327 square feet at 945 S. Sunnyside Ave., according to a statement. A fund sponsored by CBRE Global Investors bought the building for an undisclosed sum. Names of the …

Three point eight percent of all Inland Empire mortgages were in some state of delinquency in November, unchanged from November 2018, according to a report. Also unchanged year-over-year was serious delinquencies and the number of properties in some state of foreclosure – one percent and 0.3 percent, respectively – CoreLogic …

Despite a severe housing shortage, the Chino city council said no to Chino Francis Estates, leaving the project’s developer to explore their options. Chino Francis Estates seemed like the ideal housing development for a city in need of more housing.  According to the Southern California Association of Governments, Chino needs …