Real Estate

Housing affordability improved nationwide during the first quarter of this year. More than 60 percent of the homes sold during the first three months of 2015 were affordable to families earning the median income of $65,800, according to the National Home Builders Association/Wells Fargo Housing Opportunity Index. Lower prices and …

The cost of a single-family home grew rapidly throughout the country in April, fueled by increased demand and inventories that remained low. Home prices, including distressed properties, were up 6.8 percent last month compared with April 2014, according to CoreLogic in Irvine. That marked the 38th consecutive month of year-over-year …

Pending home sales in the United States rose in April for the fourth consecutive month. The Pending Home Sales Index increased 3.4 percent to 112.4 last month, a 14 percent increase compared with April 2014, according to data released Thursday by the National Association of Realtors. That’s the highest index …

Padma Laxi, an industrial owner-occupier, has bought a 201,345-square-foot industrial building in Corona. The company paid $20 million for the structure at 1560 E. 6th St., according to a report in globest.com, an online real estate publication. CT Realty, operating as CT Corona Partners I, was the seller. Padma Laxi …

Pending home sales were up again last month in California, another sign that the state’s housing market is continuing to gain strength. Statewide, pending sales were up 13.6 percent year-over-year in April, the fifth straight month of year-over year gains and third consecutive month of double-digit gains in that category, …

Nationwide sales of new single family houses were at a seasonally adjusted rate of 517,000 in April, according to a report released Tuesday by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. That was a 6.8 percent increase above the March figure of 484,000, a …