Real Estate

Average multifamily rents in the United States rose $2 last month, a 3.1 percent increase compared with August 2017, according to data released this week. The average multifamily rent in August was $1,412, the seventh consecutive month that figure has hit a record high, Santa Barbara-based Yardi Matrix reported. Nationwide, …

Four point three percent of all mortgages in the United States were in some stage of delinquency in June, a slight year-over-year drop, according to data released Tuesday. June’s foreclosure inventory rate – which measures the number of mortgages in foreclosure –  was 0.5 percent nationwide, also a slight decline …

Housing prices in Riverside and San Bernardino counties rose 7.4 percent during the past year, according to data released Tuesday. Los Angeles County experienced a 7.6 percent housing appreciation between July 2016 and July of this year, while Orange County recorded a 5.9 appreciation rate during that time, Core Logic …

The Southern California housing market, which was red hot earlier this year, continued to slow in July. The median price of a home in the five-county region last month was a $530,000, a 5.8 percent increase year over year but still the weakest growth in 18 months, according to data …

A groundbreaking ceremony was scheduled to be held Tuesday afternoon on an expansion of the Perris Plaza Shopping Center. The enlargement will bring seven major retailers to the grocery-anchored shopping center at 1688 N. Perris Blvd.: Burlington, Ross Dress for Less, Plant Fitness, Ulta Beauty, Mountain Mike’s Pizza, Five Below …

Construction is expected to begin next month on the initial part of a commercial and retail development in Perris. The Commons at Perris, which broke ground Aug. 10, will first feature a Chevron station with a mini-mart and automated car wash, according to a statement on the city’s website. The …