Real Estate

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 …

San Bernardino County needs to build more single-family homes that people can afford to buy, and the sooner that happens the better. That was the overwhelming consensus at a housing policy conference held Friday at the Doubletree Hotel in Ontario. The event, which attracted about 250 people, was sponsored by …

Distressed sales, including bank-owned properties and so-called short sales, accounted for 10.1 percent of all single-family home sales in the Inland Empire during March, according to data released Thursday. That number was significant because it marked the greatest improvement of any major market from its distressed sales peak, which in …

A building in Victorville that is occupied by a KinderCare Learning Center has been sold. The free-standing structure at 13615 Bear Valley Road sold for $4.6 million, according to Faris Lee Investments. Faris Lee represented the seller, a private investment group in Beverly Hills. ReMax FH Commercial represented the buyer, …

The number of underwater residential properties in the Inland Empire dropped during the first quarter of this year, another sign of the region’s housing market’s slow but steady improvement. Overall, 10.2 percent of mortgaged residential properties in Riverside and San Bernardino counties had negative equity at the end of the …