Monday , April 29 2024

Real Estate

Home prices keep rising

Local, National Home Prices Continue to Increase

Home prices in Riverside and San Bernardino counties rose 6.8 percent in July compared with July 2016, according to data released Tuesday. Month-over-month, there was a price increase in the two-county region but nowhere near as dramatic: only one percent, Irvine-based CoreLogic reported. The Inland housing market practically mirrored the …

Read More »

SoCal housing prices continue to rise

Home Prices Increase

Southern California home prices continued to rise in July, as the state continued to be plagued by a seemingly endless housing shortage. The median price of a home last month was $501,000, a 7.7 percent increase compared with July 2016, Irvine-based CoreLogic reported Tuesday. That was the highest price recorded …

Read More »

Pending home sales trend low

State housing affordability slips

Pending home sales in California were down in July, the result of declining affordability and not enough houses being built. Statewide, pending sales were down 2.6 percent last month compared with July 2016, according to a report released Wednesday by the California Association of Realtors. Compared with June, pending sale …

Read More »

Industrial bus tour on tap

NAIOP Bus Tour Draws Strong Crowd

NAIOP Inland Empire is getting ready for its annual bus tour of industrial properties in Riverside and San Bernardino counties, with this year’s format set be a little different than last year’s. Rather than tour four zones, this year’s caravan will tour five, with the Perris-Moreno Valley sector from last …

Read More »

State, local housing affordability declines

Home Sales Decline

Twenty nine percent of all households in California could afford a median-priced home – $553,260 – during the second quarter of this year, according to a report. That was a three percent drop from the first quarter and a two percent decline year-over-year, the Los Angeles-based California Association of Realtors …

Read More »

Industrial buildings sold

Industrial Tenants Announced

Daum Commercial Real Estate Services has negotiated the sale of two Inland industrial buildings  that combined are worth more than $13 million. The first building, at 1228 Sherborn St., sold for $7.5 million to Excel Business Park LLC, a private investment group, Daum Commercial announced Monday. Newport Trading LLC was …

Read More »