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Sales of distressed homes decline

Inland Empire News for April 13th.002

Distressed sales accounted for 11.1 percent of all single-family home sales in the United States during April, according to data released Thursday. That represented a three percent drop year-over-year and a 1.5 percent drop compared with March, according to CoreLogic’s latest report on distressed property sales. Distressed sales are either …

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Inland retail market steady, not spectacular

Inland Empire Business News August 13, 2014.002

The Inland Empire retail market remained solid during the second quarter, with only minor changes compared with the first three months of 2015. Retail vacancy was up slightly during the second quarter, from 10 percent to 10.1 percent, while the average asking lease rate remained unchanged at $1.88 per square …

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Another strong quarter for industrial

Business Leaders come to gether in Inland Empire.002

The Inland Empire industrial market continued to roar during the second quarter, with properties of 500,000 square feet and larger leading the charge. Nearly 11 million square feet of gross industrial activity was recorded in Riverside and San Bernardino counties during that three-month period, according to CBRE Group Inc.’s quarterly …

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Pending home sales rise

Inland Empire Business & Real Estate News

Pending home sales rose to their highest level in nine years during May, according to data released Monday by the National Association of Realtors. The Pending Home Sales Index, which is based on signed contracts, rose nearly one percent last month and is currently at 112.6, which is 10.4 percent …

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Rialto property is on the market

Inland Empire Business News 01-14-14.001

Bids are being accepted on a vacant parcel in Rialto that can accommodate up to 30 single-family homes. Arrowhead Meadows covers 4.5 acres immediately south of San Bernardino Avenue between Bloomington and South Cactus Avenues, said Brian King, land advisor for WD Land in Irvine. The property, which is near …

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Home prices continue to rise

Inland Empire Business News January, 2015.004

Home prices rose 6.3 percent throughout the country during May compared with May 2014, a report released Tuesday stated. That number, which includes distressed sales, means prices of single-family homes have gone up year-over-year for 39 consecutive months, according to CoreLogic’s May 2015 Home Price Index. Month-over-month, home prices were …

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