Real Estate

U.S. home prices grew 1.6 percent in June, close to the lowest year-over-year growth rate recorded in 11 years, according to a report. Compared to May, home sales – including properties in or near foreclosure – were up 0.5 percent, a sign that price appreciation could be leveling nationwide, Irvine-based CoreLogic reported. …

U.S. mortgage delinquencies fell to an all-time low in May, in part because of a strong job market that is allowing most borrowers to make their house payments on time. Two point six percent of all mortgages were at least 30 days or more past due, including foreclosures, a slight …

Sales of existing single-family homes in California remained below 300,000 in June, the ninth consecutive month the state’s housing market has failed to surpass that number. Closed escrow sales totaled 277,490 during the sixth month of the year, down 4.1 percent from May and 19.7 percent year-over-year, according to data …

An industrial property in Colton has been sold for $61 million. The 19-acre site was sold to Clarion Partners in Los Angeles and EBS Realty Partners in Newport Beach, according to CBRE. Hager Pacific Properties in Newport Beach, which CBRE represented, was the seller. The property at 275 and 375 De …

A fully-leased industrial building in Perris has been sold for $112.5 million. The 333,572-square-foot structure at 21500 Harvill Road is fully occupied by Cypress Medical Products, a development-distribution company in Richmond, Va., according to a statement. MDH Partners in Atlanta bought the building from CH Realty Partners in Los Angeles …

The Inland Empire office market had a rough second quarter, with vacancy and net absorption both moving in the wrong direction as the quarter ended. Vacancy was 9.5 percent, up slightly from the first quarter, while net absorption was minus 9,834 square feet, the first negative quarter in that category …