Real Estate

Tight standards for mortgage lending are apparently holding back single-family home sales. Eighty three percent of homebuilders nationwide reported losing sales within the last six months because potential buyers couldn’t qualify for a housing loan, according to a recent study by the National Association of Homebuilders in Washington, D.C. The …

Southern California’s housing market remained a seller’s market in September. The median price of a single-family home last month was $413,000, the highest price for September in five years, according to CoreLogic DataQuick’s monthly report on the region’s housing industry. That price, an 8.1 percent year-over-year increase, was slightly below …

The Pechanga Band of Luiseno Mission Indians has purchased property across from its resort and casino in Temecula. Tribal officials paid an undisclosed sum for two side-by-side parcels at Pechanga Parkway and Wolf Valley Road, said David Harbour, senior land advisor with WD Land in Irvine. Combined, both properties cover …

Rents will continue to rise throughout Southern California during the next two years, as demand for space will outpace the construction of new units, according to a report released Thursday. Apartment vacancies fell in all four Southern California markets during the one-year period that ended June 30, including a 30 …

Home Depot has opened an 850,000-square-foot fulfillment center in Perris. The building, at 350 W. Markham St., will ship goods 24 hours a day, seven days a week up down the west coast, according to a report in The Press-Enterprise. Fulfillment centers are designed ship goods ordered online, usually to …

The Inland Empire office market slowed during the third quarter, as premium space became limited and some tenants held out for more favorable deals. Nearly 45,000 square feet of office space was absorbed in Riverside and San Bernardino counties during the quarter that ended Sept. 30, a decent number but …