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Real Estate

Number of Inland “underwater” homes drops

Home prices rise again

The number of Inland Empire homes with negative equity dropped during the second quarter, according to a recent report. An estimated 6.3 percent of all homes with a mortgage in Riverside and San Bernardino counties had negative equity during April, May and June, down from 9.0 percent during the second …

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Home sales stay up

Home Prices Keep Increasing

Home sales in Southern California were up in August, according to data released this week. A total of 23,862 new and resold homes changed hands in the six-county market last month, a 3.2 percent increase year-over-year, Irvine-based CoreLogic reported in its monthly analysis of the regional housing market. That was …

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IE leads state in home sales

Inland Empire Retail Properties Sold

More houses were sold in the Inland Empire last month than were sold in any other region in the state, according data released Monday. Sales in Riverside and San Bernardino counties rose 8.2 percent year-over-year in August, topping San Francisco by 1.7 percent and Los Angeles by 3.8 percent, the …

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Moreno Valley apartment complex fetches record price

Apartment Rental Rates Expected to Rise

An apartment community in Moreno Valley has sold for $10.7 million, reportedly a record price for an apartment complex in that market. The sale price for Baywood Villas, a 56-unit community at 22945 Bay Avenue, works out to $190,171 per unit or $196 per square foot, according to a statement …

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Delinquent mortgages drop, locally and nationally

Local foreclosures edge down

Four point five percent of the mortgages in the United States were delinquent during June, according to data released Tuesday. That was a drop of .8 percent year-over, Irvine-based CoreLogic reported. The national foreclosure inventory rate, which gauges the share of mortgages in some stage of delinquency, was .7 percent …

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State housing shortage discussed

Economic conference scheduled

California’s chronic housing shortage was a main topic of conversation Thursday at a luncheon sponsored by the Baldy View chapter of the Building Industry Association of Southern California. The event was the chapter’s second annual education summit, which is dedicated to discussing how schools in San Bernardino County are impacted …

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