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Mortgage crisis continues to wane

Inland Empire Business News January, 2015.004

An estimated 759,000 properties regained equity during the second quarter of this year, according to data released Tuesday. Nearly 46 million mortgaged residential properties had equity as of June 30, about 91 percent of all such properties in the United States, Irvine-based CoreLogic reported in its quarterly equity analysis. Approximately …

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Housing construction down in most markets

Inland Empire Gets Housing & Manufacturing Bump.002

Lack of housing construction isn’t only a problem in Southern California. Despite significant job growth during the past several years, new home construction is currently below where it needs to be in most U.S. metropolitan areas, which is causing persistent housing shortages and unhealthy price growth, according to the National …

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Distresses sales continue to fall

Inland Empire Business News for May 16th, 2014.002

Distressed sales accounted for 9.4 percent of all home sales in the United States in June, the lowest percentage for that month since 2007, a report released Thursday stated. That was down nearly one percent compared with May, and down 2.4 percent year-over-year, according to CoreLogic’s monthly report on distressed …

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Foreclosures continue to drop

Foreclosures continue to drop

he U.S. foreclosure inventory fell 27.9 percent year-over-year in July, while the number of completed foreclosures dropped 24.4 percent during that time, according to data released today. Foreclosures went from 50,000 in July 2014 to 38,000 in July of this year, another sign that the national housing market is on …

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Ontario townhomes are sold

Inland Empire Business & Real Estate News

A 140-unit townhome complex in Ontario has been sold. MG Properties Group, a real estate investment company in San Diego, paid $38 million for Ontario Town Square Town Homes in downtown Ontario, according to CBRE Group Inc., which arranged the transaction. The seller was Artemis Real Estate Partner LLC in …

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Environmental groups line up to stop World Logistics Center

Environmental groups line up to stop World Logistics Center

The mega-industrial project approved in Moreno Valley figures to trigger a spate of lawsuits, but anyone wishing to file one needs to work quickly. It’s not clear whether the project’s opponents can stop the development or merely force a repeat of the approval process. The Moreno Valley city council and …

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