Tuesday , June 18 2024

Real Estate

Home builder confidence stays up

Inland Empire Business News November, 2014.004

Nationally, home builders still like where the housing market is headed. Confidence among builders of single-family homes fell two points to 55 this month, according to the National Association of Home Builders/Wells Fargo Housing Market Index, which was released Tuesday. That number has remained essentially unchanged during the past eight …

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Home sales drop

Inland Empire Business News for May 16th, 2014.002

Single-family home sales in Southern California dropped in January compared with the previous year, as the market continued its trend of year-over-year sales declines. A total of 13,560 homes were sold in the six-county region during the first month of the year, a drop of 6.3 percent from January 2014, …

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State housing affordability is static

Inland Empire Gets Housing & Manufacturing Bump.002

Housing affordability in California was essentially unchanged during the fourth quarter of last year. Thirty one percent of all home buyers in the state could afford to buy a median-priced, single-family home during the last three months of 2014, up from 30 percent during the third quarter, according to data …

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Foreclosures continue to drop

Inland Empire Economy Improves.002

Foreclosures dropped 13.7 percent nationwide at the end of last year, the 34th consecutive month that that number has declined. An estimated 39,000 single-family homes nationwide were foreclosed on in December, down 46,000 from December 2013 and a 66 percent drop from September, 2010 when foreclosures were at their peak, …

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National housing market shows slight improvement

Housing Market Takes a Dip.001

The U.S. housing market posted modest gains during the last three months of 2014. Markets in 64 of approximately 350 metropolitan areas in the United States either returned to or surpassed their normal levels of economic and housing activity during the fourth quarter of last year, according to the National …

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Empty office building to get overhaul

Inland Empire Businesses Coach Next Generation.002

At least one real estate brokerage has some faith in the Inland Empire office market. Irvine-based Stillwater Investment Group has bought a two-story, 34,500-square-foot office building in Ontario, said John Drachman, the company’s founder and president. The building, at 1801 E. Holt Blvd., was built in 2007 and has never …

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