Real Estate

FHA loans, which are home loans insured by the Federal Housing Authority, now account for approximately 30% of all home loans in the United States. FHA loans in California can be hard to come by in some cities because of high property values – but according to one local mortgage …

Foreclosures in the Inland Empire dropped slightly in April. The foreclosure rate on outstanding mortgage loans in Riverside and San Bernardino counties fell 0.18 percent compared with April 2015, to a total of 0.61 percent, Irvine-based CoreLogic reported Tuesday. That was below the national rate of foreclosures – 1.03 percent …

Cash sales of single-family homes in the Inland Empire dropped slightly during March, according to data released Thursday. The number of cash transactions during the third month of the year in Riverside and San Bernardino counties was 25.3 percent, a 1.6 percent decrease year-over-year, Irvine-based CoreLogic reported in its monthly …

Two free-standing retail properties in Moreno Valley have been sold. Rite Aid, which occupies a 16,730-square-foot building at 24991 Alessandro Blvd., and KFC, which is in a 2,995-square-foot structure at 16040 Perris Blvd., were sold to separate buyers, according to Faris Lee Investments. The Rite Aid sold for $5 million. …

The Southern California housing market posted another solid month in May. Sales were up 3.3 percent year-over-year, and the median price of a single-family home, – $459,500 – was a 6.9 percent increase compared with May 2015, according to data released Tuesday by CoreLogic in Irvine. The Inland Empire posted …

There are, says Wholesale Capital Corporation (WCC) president Ed Hoffman. Jumbo loans in California – which are loans that exceed the conforming loan limit for a given county (in both Riverside and San Bernardino counties, that limit is $417,000) – are slightly less common in the Inland Empire than in …