Real Estate

Home sales in Southern California increased 5.2 percent last month compared with May 2016, as home prices in the region reached their highest point in nearly 10 years, according to data released Wednesday. The median price of a home in Southern California last month was $492,000, the highest it’s been …

Homebuilding in the Inland Empire is at its highest rate in nearly 10 years, fueled by a strong demand for single-family homes, a report has found. Construction of single-family homes reached 2,182 units during the first quarter of this year, the largest number since the first quarter of 2008, when …

NAIOP Inland Empire will hold its annual midyear market review June 29 at the Ontario Convention Center. David Egan, America’s Head of Industrial Research at CBRE Group Inc., will deliver the main address, according to a statement released by NAIOP. Egan is CBRE’s primary national spokesman on industrial real estate. …

Four point one percent of mortgages in the Inland Empire were delinquent during March, down from 4.8 percent year-over-year, according to data released Tuesday. Mortgages that were seriously delinquent – 90 days or more overdue – in Riverside and San Bernardino counties totaled 1.5 percent, down from two percent in …

Not enough houses are being built to keep up with demand, and the problem is particularly acute in the Inland Empire.  California’s homebuilding industry has made a slow but steady improvement since it all but crashed and burned eight years ago during the height of the recession. In 2009, 36,421 …

Some people in the Inland Empire have gone into business for themselves. Riverside and San Bernardino counties ranked 13 in startup businesses among the 40 largest U.S. metropolitan areas, according to the 2017 Kaufmann Index of Startup Activity. That was five spots better than the two-county region ranked in the …