Tuesday , June 18 2024

Real Estate

Report: state commercial development best it’s been in years

Commercial Building up in IE

Commercial construction in California is as strong now as it’s been since 2001,a report released Wednesday stated. Several factors, including available financing and a shortage of multi-family housing, will likely fuel more commercial property development for three more years, according to the Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate …

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Foreclosures continue to drop

Warehouse Deal Approved As Property Values Drop.001

Both foreclosure inventory and completed foreclosures dropped substantially in June, as the national housing market continued its slow climb back to respectability. The total number of foreclosed properties fell 28.9 percent year-over-year in June to 472,000 homes, while completed foreclosures fell 14.8 percent to 43,000 homes, according to data released …

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Retail facility on the market

San Bernardino Retail facility on the market

A shopping center in San Bernardino is up for sale. Aldi & Shops at Tri-City Corporate Centre, 625 & 645 E. Hospitality Lane, is 100 percent leased, according to a statement issued by CBRE Group Inc., which is marketing the property. Asking price is $5.4 million, or $206 per square …

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Distressed sales still on the decline

Distressed sales still on the decline

Sales of distressed homes are continuing to drop. Distressed sales – meaning properties owned by bank or some other financial institution or those sold below market value – were down 2.8 percent in May compared with May 2014, according to data released Thursday by CoreLogic in Irvine. Month-over-month, distressed sales …

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Home prices continue to rise

Inland Empire Business & Real Estate News

The cost of a single-family home just keeps climbing. Home prices increased 6.5 percent nationwide in June, the 40th consecutive month of year-over-year increases, according to CoreLogic, a global property information and analytics company in Irvine. Month-over-month, the increase was 1.7 percent Both of those figures included distressed properties, meaning …

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National pending home sales drop slightly

National pending home sales drops slightly

Pending home sales nationwide slipped during June, breaking a streak of five months of increases. The Pending Home Sales Index was 110.3 in June, down 1.8 percent from May but still 8.2 percent above June 2014, according to data released Wednesday by the National Association of Realtors in Chicago. Despite …

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