Tuesday , June 18 2024

Real Estate

Inland Empire Foreclosure Rate is Stable

Inland Empire Foreclosure Rate is Stable

The Inland Empire’s foreclosure rate was essentially unchanged in October. Only 0.7 percent of the region’s housing inventory was in foreclosure at the end of that month, a modest 0.2 percent drop compared with October 2014, according to data released Tuesday by CoreLogic in Irvine. A total of 5,258 homes …

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Inland Empire Industrial Market Might Have a Hard Time Topping 2015

Major warehouse-distribution facility open in Fontana

The region’s industrial sector is expected to be strong again next  year, although 2015 might be difficult to match, especially in absorption. Much depends on whether the demand for large e-commerce centers remains strong, according to several brokers. Two thousand and fifteen has been a banner year for the Inland …

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Inland Empire Foreclosures Fall

FHA Jumbo Loan Limits

Foreclosure rates in the Inland Empire dropped slightly in September compared with one year earlier. Foreclosures among outstanding mortgage loans in Riverside and San Bernardino counties in September was 0.71 percent, a drop of 0.23 percent compared with September 2014, according to data released Thursday by CoreLogic in Irvine. The …

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Distressed Sale Continue to Drop

Distressed Sale Continue to Drop

Sales of distressed homes continued to fall in September, both in the Inland Empire and throughout the country. In the Inland Empire, the year-over-year drop was minuscule: 11.3 percent in September of this year compared with 12 percent in September 2014, according to data released Wednesday by CoreLogic in Irvine. …

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High Desert Office Building Sells

High Desert Office Building Sells

The Bear Valley Medical and Business Center, an office building in Victorville, has been sold. The one-story structure, at 17310 Bear Valley Road, sold for $10 million to Bear Valley Medical and Business Center LLC, a private investment group, said Don Brown, president of Lee & Associates Victorville. Equitable Bear …

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Cash Sales of Inland Empire Homes Down

Investors may be fleeing Inland housing market

Investment buyers might be leaving the Inland Empire housing market, at least for now. Cash sales accounted for 23.6 percent of all single-family home sales in Riverside and San Bernardino counties during August, down four percent year-over-year, according to data released Thursday by Irvine-based CoreLogic. Cash sales reflect the level …

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