Real Estate

Sales of single-family homes in California totaled 376,480 in November, down 5.3 percent from October and down 3.4 percent year-over-year, according to data released Wednesday by the California Association of Realtors. Monthly home sales have now been below 400,000 since November 2013, despite slower price gains and the lowest interest …

The Murrieta City Council is scheduled to consider tonight a proposal for a gated community that would allow horses. Temecula developer Larry Markham wants to build the project at Dry Creek Drive and Vineyard Parkway on Murrieta’s western border, according to a report in The Press-Enterprise. Single-family homes would be …

U.S. housing starts dropped 1.6 percent in November, but don’t panic: the nation’s housing market is still in recovery mode. Slightly more than one million housing projects began construction nationwide, as the single-family and multi-family markets effectively offset each other, according to data released recently by the U.S. Department of …

The Southern California housing market isn’t finishing 2014 with bang. Home sales in November were at their lowest for that month in seven years, while home prices also flattened, according to CoreLogic DataQuick’s monthly report on the region’s housing industry. A total of 15,634 houses and condominiums were sold in …

A Coachella Valley apartment complex has been sold. Villagio at La Quinta sold for $24.8 million, or nearly $167,000 per unit, according to a statement by CBRE Group Inc. Ontario. CBRE represented the seller, La Quinta Villagio Flintlake LP. The buyer, Hanes-Villagio LLC, was represented by Hanes Investment Realty Inc. …

The national foreclosure rate fell dramatically on October, another sign that the housing market is in recovery mode. About 41,000 foreclosures were completed during that month, down from 55,000 foreclosures in October 2013, a decline of 26.4 percent, according to Irvine-based CoreLogic, which provides property information and other data to …