Friday , May 24 2024

Real Estate

Report: Southern California home sales fall

Sales of Southern California homes dropped nearly 25 percent year-over-year in June, while median home prices stayed essentially the same during that time, according to a report released Aug. 9. Irvine-based CoreLogic’s report includes data for new and resale single-family homes and resale condominiums from Los Angeles, Orange, Riverside, San …

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Warehouse-distribution center slated for Perris

A 295,000-square-foot warehouse-distribution center will be built on a 14-acre parcel in Perris. Patterson Commerce Center will be at Patterson Avenue and Nance Street next to the Optimus Logistics Center, a 1.4 million square foot, two-building project, according to a statement. New York-based Rockefeller Group, which developed Optimum Logistics Center, …

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Fontana apartment complex sold

A 25-unit apartment complex in Fontana has been sold for $6.3 million. Built-in 1973, the complex at 8919 Mango Ave. has one, two, and three-bedroom units with an average unit size of nearly 800 square feet, according to a statement. CBRE represented the buyer and the seller, both private entities …

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Home price growth slows

Nationwide housing prices take record jump

U.S. home prices grew 1.6 percent in June, close to the lowest year-over-year growth rate recorded in 11 years, according to a report. Compared to May, home sales – including properties in or near foreclosure – were up 0.5 percent, a sign that price appreciation could be leveling nationwide, Irvine-based CoreLogic reported. …

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Mortgage delinquencies reach record low

Mortgage Charts

U.S. mortgage delinquencies fell to an all-time low in May, in part because of a strong job market that is allowing most borrowers to make their house payments on time. Two point six percent of all mortgages were at least 30 days or more past due, including foreclosures, a slight …

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State home sales still struggling

Sold Sign

Sales of existing single-family homes in California remained below 300,000 in June, the ninth consecutive month the state’s housing market has failed to surpass that number. Closed escrow sales totaled 277,490 during the sixth month of the year, down 4.1 percent from May and 19.7 percent year-over-year, according to data …

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