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 …
Read More »Inland retail market steady, not spectacular
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 …
Read More »Another strong quarter for industrial
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 …
Read More »Pending home sales rise
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 …
Read More »Rialto property is on the market
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 …
Read More »Home prices continue to rise
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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