Real Estate

Seasonally adjusted single-family home sales topped 400,000 in May in California, their second-highest level in nearly two years. Sales of existing, single-family detached homes statewide totaled a seasonally adjusted 423,360 units last month, down 1.1 percent from April but up 8.9 percent compared with May 2014, according to data released …

Home builders this month expressed strong confidence in the market for new, single-family homes. The National Association of Home Builders/Wells Fargo Housing Market Index, which was released Monday, rose to 59 this month, the highest the index has been since last September. The monthly survey, which is seasonally adjusted, measures …

Cash sales in the national housing market declined again in March. Overall, 34.6 percent of the housing sales during the third month of the year were cash transactions, down from 39 percent in March 2014, according to a report released Thursday by CoreLogic in Irvine. The year-over-year percentage of cash-related …

Foreclosures fell significantly across the country, in April, another sign that the housing market is returning to health. The foreclosure inventory dropped nearly 25 percent, and completed foreclosures dropped 19.8 percent between March and April of this year, according to data released Tuesday by CoreLogic in Irvine. Nationwide, there were …

Sales of distressed houses are down nationwide, another sign that the housing market is improving. Distressed sales accounted for 12.1 percent of all home sales nationwide in March, down 3.2 percent year-over-year and nearly two percent compared with the previous month, according to data released Monday by CoreLogic in Irvine. …

Dr. John Husing, long-time Inland Empire economist, will discuss the local economy during NAIOP’s annual Mid-Year Market Review, scheduled to be held June 25 at Ontario Convention Center. Husing, who has been analyzing the Inland economy since the mid-1960s, will speak on how the local economy is influencing regional commercial …