More Inland Empire homeowners are pulling equity out of their houses and using the money to fix up their houses. Some of the 23 credit unions based in the Inland Empire are issuing more loans that involve home equity, including home equity lines of credit, second mortgages and cash-out refinance …
Read More »Local Home Cash Sales are Flat
Cash sales accounted for 24.2 percent of all home sales in the Inland Empire during May, according to data released Thursday. That was a 0.5 percent year-over-year drop, Irvine-based CoreLogic reported. The Inland Empire was well below the national rate: cash sales accounted for 30 percent of all home sales …
Read More »Inland Empire Foreclosures Flat
The foreclosure rate on outstanding mortgage loans in the Inland Empire during June was 0.55 percent, down 0.20 percentage points year-over-year, according to data released Wednesday. Foreclosure activity in Riverside and San Bernardino counties was below the national rate in June, which was 0.95 percent, Irvine-based CoreLogic reported in its …
Read More »Judge OK’s Approval of Mega Industrial Project
A judge has upheld Moreno Valley’s approval of the proposed World Logistics Center. Riverside County Superior Court Judge Sharon Waters ruled that the city council did not circumvent state environmental laws when it approved the proposal based on the nearly 50,000 signatures gathered on its behalf, according to a city …
Read More »Southern California Home Sales Tumble
Home sales in Southern California fell 10.7 percent in July year-over-year, the largest 12-month decline of any month in almost two years, according to data released Wednesday. In the Inland Empire, sales of new and resale houses and condominiums were down 7.8 percent in Riverside County and 11.6 percent in …
Read More »SB County Retail on the Rise
More than one million square feet of retail development is being planned or is under construction in San Bernardino County, the county reported Monday. A stronger economy, better housing and population growth – San Bernardino County has gone from 2,121,088 residents last year to 2,139,570 residents this year, an increase …
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