Real Estate

A Newport Beach developer will build an industrial park in Eastvale that will cover about two million square feet. Summit Development Corp. will construct industrial buildings that will range from 75,000 to 300,000 square feet during the project’s first phase, according to a statement released earlier this month. The second …

Housing affordability improved modestly during the fourth quarter of last year, helped by slightly lower interest rates and lower home prices. Overall, 62.8 percent of all new and existing homes that were sold during the three months of 2014 nationwide were affordable to families earning the U.S. median income of …

January was a slow month for California’s housing market. An estimated 25,325 new and resold houses were sold statewide last month, a 30.6 percent drop compared with December and a two percent decline year-over-year, according to CoreLogic DataQuick, which released its monthly state housing report Wednesday. Historically, last month was …

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 …

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, …

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 …