Tuesday , June 18 2024

Real Estate

Some good housing news

Inland Empire Business News for May 16th, 2014.002

Non-distressed home sales in California have reached their highest level since the start of the housing crisis. About 90 percent of all single-family home sales statewide in June were equity sales defined as sales of properties not in foreclosure or otherwise distressed – up from 89 percent in May, according …

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Tire company leases warehouse-distribution space

Inland Empire Business News for May 13th, 2014.002

A major tire company has leased a warehouse-distribution facility in Chino. Yokohama Tire Co. will use the 658,000-square-foot building as its distribution headquarters in the western United States, according to a statement released Wednesday. The new building will replace Yokohama’s 380,000-square-foot facility in Fullerton. Financial terms were not disclosed, and …

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Home flipping stays around the Inland region

Inland Empire News for April 13th.002

Despite the housing recovery, private investors are still buying and refurbishing houses in the two-county region and often selling them for a quick profit. Some say the practice artificially drives up prices and slows the market, but the practice has its defenders. Home flipping is alive and well in the …

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State home sales down

Warehouse Deal Approved As Property Values Drop.001

Single-family home sales in California remained sluggish in June. Nearly 395,000 units were sold statewide last month, the eight consecutive month that sales were below 400,000, according to data released Wednesday by the California Association of Realtors. That was a 1.5 percent increase compared with May but a 4.8 percent …

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Jumbo loan limits in California Still at 2013 levels

Jumbo Loans in California

The government designated 208 high-cost areas across the nation including areas of California as high-cost areas in which the conforming loan limit is raised to $625,500 for most single family residence. For the ninth consecutive year jumbo loan limits in California remain unchanged and range between $417,000 and $625,500 depending …

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Office complex sold

Inland Empire Businesses Coach Next Generation.002

A two-building office complex in Murrieta has been sold. The buildings at Interstate 15 and Kalmia Street sold for $7.75 million, according to Avison Young, the commercial real estate firm. Avison Young’s Irvine office represented the seller, Village Walk Square LLC, and the buyer, Village Walk Murrieta LP. The sale …

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