The typical U.S. homebuyer’s down payment was $70,000 in August, up 6.1 percent year-over-year and the highest dollar amount ever for down payments, according to a report. The typical homebuyer’s down payment during the eighth month of 2025 was equal to 18.6 percent of the purchase price, up from 17.8 percent …
Read More »State housing market ends sales skid
California’s housing market bounced back in September, ending five consecutive months of year-over-year sales declines. Sales of existing single-family homes totaled 277,410 in October, up five percent month-over-month and 6.6 percent year-over-year, according to the California Association of Realtors. The statewide figures are annualized, which meant they represent what would …
Read More »Inland office market shows resilience
The Inland Empire office market held its ground during the third quarter of 2025. Vacancy was 5.5 percent, same as the second quarter despite a 27 percent slowdown in leasing caused by a decline in new listings of space, according to CBRE. That helped keep conditions tight and allowed landlords …
Read More »Retail sale completes breakup strategy
A retail property in Temecula that is home to a Fitness 19 has been sold for $9.8 million. The sale of the 30,057-square-foot parcel completes a four-parcel break-up strategy that began last year and now totals $26.46 million, according to SRS Capital Markets’ Newport Beach office. “We recommended (that approach) as …
Read More »Homes for sale increases
New homes that went up for sale nationwide during the four weeks that ended October 5 rose 2.3 percent year-over-year, according to a recent report. That was the largest increase in more than three months, but it wasn’t enough to get people buying: pending sales dropped 1.3 percent from a …
Read More »Cancelled home sales rise
An estimated 56,000 home purchases were canceled nationwide in August, according to a report released Oct. 7. That was 15 percent of the homes that were under contract to change owners, up from 14.3 percent year-over-year, and the highest August cancellation rate since 2017, Seattle-based Redfin reported. “Home purchases are falling …
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IE Business Daily Business news for the Inland Empire.