Real Estate

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 …

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 …

A Class A apartment community in Temecula has been sold. The Vineyards at Paseo Del Sol, a 288-unit complex at 31901 Campanula Way, sold for nearly $70 million to The Praedium Group, a real estate investment group based in New York, according to a statement. CBRE Capital Markets represented The …

U.S. home prices climbed steadily in May, bolstered by an increase in sales throughout the country. Prices rose nearly five percent year-over-year during May, according to the Standard & Poor’s/Case-Shiller 20-city home price index, which was released Tuesday by S&P Dow Jones Indices. The data called first-time homebuyers “the weak …

City officials originally wanted mixed-use office and commercial on the Meredith site with little or no industrial development, but market conditions have forced them to go to Plan B, at least for now. It can no longer be said that there aren’t any large developable parcels of industrial real estate …

Pending home sales were up in California in June, the seventh consecutive month of growth in that category. Overall, pending sales were up 12.5 percent last month compared with June 2014, according to data released Thursday by the Los Angeles-based California Association of Realtors. Month-over-month, pending sales were down 2.6 …