Real Estate

Single-family home prices in the United States rose dramatically in July, and the Inland Empire lead the charge. Prices in the Riverside-San Bernardino market were up 13.8 percent compared with July 2013, the largest price increase of any major metropolitan market in the United States, according to CoreLogic, an Irvine …

A local water district has officially taken control of land next to a lake in Southwest Riverside County. Rancho California Water District closed escrow Monday on nearly 8,000 acres that wraps around Vail Lake, a popular recreation site, according to a report in The Press-Enterprise. The water district, which provides …

Despite below-average interest rates, pending home sales in California dropped for the fourth consecutive month in July, a sign that the state housing market continues to underperform. The Pending Home Sale Index dropped 2.3 percent, from 107 in June to 104.5 last month, according to a report released Tuesday by …

National retail sales stayed strong last week, boosted in part by more back-to-school shopping. Sales were up 4.2 percent for the week that ended Saturday compared with the same week in 2013, according to The International Council of Shopping Centers and Goldman Sachs Weekly Chain Store Sales Index. Retail activity …

Prologis, the company that develops and manages large logistics facilities, has offered to downsize a project it plans to build in Moreno Valley. Officials with the San Francisco company agreed to the reduction after residents complained to the city about the size and scope of the project, according to a …

The supply of affordable homes in more populated areas is getting smaller, so investors are starting to work the suburbs and other outlying markets. None of that means the practice is going away, however. Home flipping, the practice of buying a house to sell or rent it rather than live …