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Real Estate

Home Sales Experience Slowdown

Inland Empire Business News for May 16th, 2014.002

Southern California’s housing market remained in growth mode but still lost momentum in October, posting sales well below average for that month, according to data released Thursday. A total of 19,930 new and existing homes were sold in the region last month, a 1.3 percent increase compared with October 2014, …

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Mild Drop in Housing Affordability

Warehouse Deal Approved As Property Values Drop.001

Housing affordability in San Bernardino and Riverside counties fell slightly during the third quarter year-over-year, a pattern that prevailed throughout most of the state. Thirty nine percent of the households in Riverside County could afford the median-priced home in that region – $335,460 – during the third quarter, down from …

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Office Building Up for Sale

Office Building Up for Sale

An office building in Hemet that is mostly occupied by the Riverside County Department of Public Social Services is for sale. The building, at North San Jacinto and East Oakland avenues, covers nearly 130,000 square feet and is available for $20.5 million, according to CBRE Group Inc., which is marketing …

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Inland Empire Foreclosures Down

Inland Empire Foreclosures Down

Foreclosures in the Inland Empire were down slightly in September, according to data released Tuesday. The two-county region’s foreclosure inventory for that month was 0.7 percent, down 0.2 percent compared with September 2014, CoreLogic reported in it most recent national foreclosure report. There were 5,534 home foreclosures in Riverside and …

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Housing Development Slated to Help Veterans

VA Home Loan Requirements

A groundbreaking ceremony was held Monday at March Air Reserve Base on a housing project that will help homeless and low-income veterans. The 138-unit March Veterans Village is being sponsored by U.S. VETS, a national non-profit that helps at-risk veterans, the Coachella Valley Housing Coalition and the March Joint Powers …

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NAIOP Bus Tour Draws Strong Crowd

NAIOP Bus Tour Draws Strong Crowd

An estimated 300 brokers and developers took a bus ride through the Inland Empire Thursday, as NAIOP’s Inland Empire chapter held its annual tour of new industrial properties in the two-county region. This year’s tour had eight buses, the most the event has had since 2007, said Devon Sulli, the …

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