Real Estate

U.S. home prices were up seven percent in October year-over-year, the second consecutive month prices have risen by that amount compared with the previous year. Compared with September, home prices nationwide – including distressed sales – rose just short of one percent, according to Irvine-based CoreLogic, which released its monthly …

Hardwoods Speciality Products, a leading distributor of hardwood veneers, plywood and solid lumber products, has leased warehouse-distribution space in Perris. The 147,000-square-foot building is part of the Harley Knox Logistics Center, a new Class A industrial facility at 17610 Harvill Ave., according to a statement released Thursday. San Francisco-based Newcastle …

Southern California home sales rose 3.6 percent in October year over year, the highest number for that month since 2012. The median price of a home in the six-county region last month, $495,000, was up 6.5 percent compared with October 2016, according to data released Wednesday by CoreLogic in Irvine. …

Two industrial buildings in San Bernardino have been sold. Westcore Properties, a San Diego-based commercial real estate investment firm, bought properties at 927 E. Ninth St. and 7776 E. Tippecanoe Ave. for an undisclosed sum, according to a statement released Monday. The seller was The Bentall Kennedy Group in Toronto. …

Foremost Cos., a land investment company based in Newport Beach, has completed two neighborhoods in Temescal Valley. Carraway and Sorrell at Terramor are part of a master-planned community – Terramor – that will include more than 1,400 homes in 16 neighborhoods when completed, according to a statement released by Foremost, …

Housing affordability in California hit a 10-year low during the third quarter, according to the California Association of Realtors. Twenty eight percent of California households could afford the median price of $555,680 during that period, down one percent from the second quarter and three percent year-over-year, the trade association reported …