Real Estate

Single-family home sales in Southern California were up 11 percent in March compared with the previous year, while median prices hit their highest point in more than seven years. Last month, sales of new and previously owned houses and condominiums reached 19,603, up from 17,638 in March 2014, according to …

National home builders are confident about the housing market’s immediate future, according to data released Wednesday. The National Association of Home Builders/Wells Fargo Housing Market Index rose four points to 56 in April, as all three components of the index – sales expectations, buyer traffic and current sales conditions – …

Nationwide foreclosures declined by 27.3 percent in February, down 15.7 percent year-over-year, according to data released Tuesday. There were an estimated 39,000 home foreclosures during the second month of the year, a decrease of 67 percent from the peak of completed foreclosures in September 2010, according to CoreLogic in Irvine, …

Thirty eight point nine percent of all single-family home sales in the United States during January were cash transactions, according to data released Thursday. That was down from 41.4 percent in January 2014, a 2.5 percent drop and the 25th consecutive month of year-over-year declines, according to Irvine-based CoreLogic, a …

A two-building industrial park in Riverside has been sold. Citrus Business Park sold for a little more than $18 million, or $94 a square foot, CBRE Group Inc. said in a statement released Wednesday. The park, at 1111 and 1221 Citrus St. in Hunter Industrial Park, opened six years ago. …

The national housing market remained a seller’s market during February. Including distressed sales, prices rose 5.6 percent compared with February 2014, marking three consecutive years of year-over-year price increases, according to data released Tuesday by CoreLogic in Irvine. In the Inland Empire, prices were up 5.1 percent in February counting …