The price of a single-family home in the Inland Empire rose 5.7 percent year-over-year in December, according to data released Tuesday. Inland Empire home prices were also up slightly – 0.3 percent – compared with November, Irvine-based CoreLogic stated in its monthly report on national home sales in major metropolitan …
Read More »Local Foreclosures Drop
Foreclosures on outstanding mortgage loans in the Inland Empire measured .68 percent during November, according to data released Friday. That was a drop of .19 percent year-over-year and was well below the national foreclosure rate of 1.17 percent for November 2015, Irvine-based CoreLogic reported in its monthly foreclosure report. The Inland …
Read More »Sales of Distressed Properties Fall in IE
Distressed sales accounted for 10.9 percent of all home sales in the Inland Empire during November, according to CoreLogic in Irvine. Of the 25 major metropolitan areas included in CoreLogic’s study of distressed sales in November, the Inland Empire recorded the largest drop from its peak level. Distressed sales in …
Read More »Costco Buys Industrial Building
Colliers International has completed the sale of a warehouse-distribution facility in Jurupa Valley. Costco Wholesale Corp. bought the building, which it plans to use as a regional distribution center, for $65.6 million, according to a statement released this week. The seller was TIAA-CREF, the investment entity of Teachers Insurance and …
Read More »NAIOP Event to Identify Region’s Top Real Estate Deal
NAIOP Inland Empire is scheduled to hold its Industrial 2016 Kick Off and Networking Event Feb. 3 at the Ontario Convention Center. The gathering, which will run from 1:45 to 6 p.m., will include a review of the industrial and office markets in the Inland Empire in 2015 and a …
Read More »Southern California Housing Continues to Shine
The Southern California housing market got even hotter in December, as the price of a single-family home reached its highest point in more than eight years. The median price of a single-family home last month was $443,000, a 6.7 percent year-over-year increase and the highest price recorded in the region …
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