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 …
Read More »Inland Center to get new tenant
A discount clothing store for women is setting up shop at Inland Center Mall in San Bernardino. Styles for Less will take up a 5,000-square-foot space near the former Gottschalk’s location, said Terri Relf, Inland Center’s senior marketing manager. The store is expected to open in August, but no exact …
Read More »Home builder confidence up
Home builders are bullish on the housing market. Builder confidence in new, single-family homes in July reached 60, according to the National Association of Home Builders /Wells Fargo Housing Market Index, which was released recently. At the same time, June’s index was upgraded one point to 60. The last time …
Read More »Inland industrial market is more than solid
To no one’s surprise, the Inland Empire industrial market performed spectacularly during the second quarter of this year. About 9.2 million square feet of industrial space was absorbed into the Inland market during that time, bringing the amount absorbed during the first half of this year to 11.8 million square …
Read More »Inland Empire office market on the slow track back to respectability
Latest numbers shows things are improving, but at a slow pace. Speculative development is probably not on the horizon. The Inland Empire office market is coming back. Not very quickly, but it is coming back. That’s the conclusion of Newmark Grubb Knight Frank, one of the first of the major …
Read More »Home cash sales continue to drop
Cash sales accounted for 33.7 percent of all U.S. home sales in April, according to CoreLogic in Irvine. That was down from 37.4 percent in April 2014, the 28th consecutive month that category has declined and the lowest percentage recorded since September 2008, stated CoreLogic, which released its monthly report …
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