Tuesday , June 18 2024

Real Estate

Inland Empire negative equity drops

“Underwater” Home Decline

Nearly seven percent of all residential properties with a mortgage – more than 65,200 total – in the Inland Empire had negative equity during the fourth quarter of last year. That represented a drop of 0.4 percent compared with the third quarter of 2016, and was down nearly three percent …

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Industrial projects underway

Industrial properties sold

Construction has begun on two speculative industrial projects in the Inland Empire, one in Riverside, the other in Chino. Both are being developed by Newcastle Partners in San Francisco, and when finished they will cover more than 570,000 square feet combined, according to a statement. The first facility, Meridian Distribution …

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Local, national home prices up

Local, National Home Prices Continue to Increase

Home prices, including distressed sales, were up 6.1 percent in the Inland Empire in January compared with one year earlier, according to data released Tuesday. Month-over-month, prices in Riverside and San Bernardino counties were essentially flat, rising only 0.4 percent, Irvine-based CoreLogic reported. Nationwide, home prices were up 6.9 percent …

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Pending home sales data is a mixed bag

Real Estate Good in Inland Empire

California’s pending home sales were essentially unchanged in January compared with the previous year. The state’s pending home sales index was 107.2 in January, down from 107.4 in January 2016, according to the California Realtors Association in Los Angeles. Compared with December, pending sales  – in which a contract has …

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Inland Empire foreclosures decrease

Local foreclosures edge down

The Inland Empire’s foreclosure rate dropped slightly in December, according to data released Thursday. Riverside and San Bernardino counties’ foreclosure rate among outstanding mortgages was 0.47 percent during the last month of 2016, down from 0.70 percent in December 2015, Irvine-based CoreLogic reported. That was below the national foreclosure rate …

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Denny’s building sells

Inland Empire Retail Properties Sold

A 3,700-square-foot retail building in Riverside that has been occupied by a Denny’s restaurant for 50 years has been sold. The property, at 3530 Madison St., sold for $3.5 million to Yuanqi International in Arcadia, according to Faris Lee Investments in Irvine, which helped negotiate the sale. Hfc/Prp Madison, LLC, …

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