Thursday , June 13 2024
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Real Estate

Housing Affordability Improves

Inland Empire Housing Market Stays Strong

Forty eight percent of Inland Empire households could afford the median price of a single-family home in the region – $297,850 – during the first quarter of this year, according to data released Tuesday. That was a three percent improvement compared with the fourth quarter of 2015 but was essentially …

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Distressed Sales Keep Falling

Distressed sales still on the decline

Distressed sales made up 10.3 percent of all homes sales in the Inland Empire during February, according to data released Thursday. That was down from a peak of 76.3 percent in February 2009, a drop of 66 percent, Irvine-based CoreLogic reported in its monthly analysis of distressed home sales in …

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Local Retail Brokerage Team Jumps Ship

Local Retail Brokerage Team Jumps Ship

One of the Inland Empire’s top retail brokerage teams is switching jerseys. Scott Kaplan and Erik Westedt have been hired by JLL away from CBRE Group Inc., according to a statement released Tuesday. The duo, which has completed more than $5 billion worth of transactions, will work out of JLL’s Ontario …

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Home Prices Continue to Increase

Inland Empire Business & Real Estate News

Single-family home prices in the Inland Empire, including distressed sales, increased 6.3 percent in March year-over-year, according to data released Tuesday. Month-over-month the increase in prices for Riverside and San Bernardino counties was negligible – 0.4 percent – Irvine-based CoreLogic reported in its monthly Home Price Index and HPI Forecast. …

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East Coast Retailer Leases Riverside Industrial Building

Inland industrial market is more than solid

Ascena Retail Group has signed a 10-year plus lease on an industrial building in Riverside. The Mahwah, N.J.-based company will occupy the 582,772-square-foot building at 7295 San Gorgonio Drive starting July 1, according to a statement by Western Realco in Newport Beach. The building will be Ascena’s first warehouse-distribution operation …

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Local Foreclosures Decline

Distressed Sale Continue to Drop

Foreclosures in the Inland Empire dropped in February, according to data released Tuesday. The rate of foreclosures among outstanding mortgage loans in the two-county region during the second month of the year was 0.67 percent, a drop of 0.21 percentage points year-over-year, Irvine-based CoreLogic reported. That was well below the …

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