Real Estate

Buying a house in California is becoming more difficult. Thirty percent of the state’s households could afford to purchase a median-priced home of $485,100 during the second quarter of this year, down four percentage points from the first quarter, according to data released Tuesday by the California Association of Realtors. …

As most people know, the housing boom and subsequent crash of the past decade resulted in mortgage lending guidelines being tightened across the country. Because they are mortgage loans backed by the federal government, FHA loans were an especially big target of this effort. Most good lenders would agree that …

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 …

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 …

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 …

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 …