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Real Estate

Growth in national, local apartment rents reported

Apartment Rental Rates Expected to Rise

U.S. apartment rents grew 3.3 percent during the fourth quarter of 2018, according to a recent study.  The national growth rate in 2018 outpaced 2017 by 2.5 percent, thanks to strong demand for apartment space that pushed occupancy to 95.4 percent, Real Page Inc., a real estate technology and analytics …

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Inland housing market looks to remain stable in 2019

Home prices rise again

Single-family home prices are expected to rise this year, mostly because, yet again, not enough houses will be built to meet demand. The good news is there’s no sign of a recession. Don’t look for any major changes in the Inland Empire housing market in 2019. The same patterns that …

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Target-anchored shopping center is sold

High Desert Shopping Center Changes Hands

San Bernardino Center, a neighborhood shopping center anchored by a Target and Big Lots, has been sold. The property at 499 W. Orange Show Road near the Interstate 215-10 interchange sold for an undisclosed sum, according to a statement released by Cushman & Wakefield’s retail division. Brixmor Property Group in …

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Mortgage delinquencies decline

Four point one percent of all U.S. mortgages were in some state of delinquency during October, a one-percent decline year-over-year, according to data. Also in October, the national foreclosure inventory rate – which measures the number of mortgages in some state of foreclosure – was .5 percent, a slight drop …

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Retail property fetches nearly $4 million

A retail building in Fontana has been sold. The 9,000-square-foot property at Interstate 15 and Baseline Avenue sold for its list price of $3.8 million, according to a statement released by Hanley Investment Group Real Estate Advisors in Corona Del Mar. The building, which is fully occupied, includes Rosa Maria’s …

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SC home sales plummet

Home Sales Decline

Southern California home sales took a sharp dive in November, the fourth consecutive month sales have dropped in the region year-over-year. A total of 17,710 new and existing houses and condominiums were sold in the six-county region during the next-to-last month of 2018, a 12.3 percent decline from November 2017, …

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