Monday , June 5 2023
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Real Estate

Mortgage delinquencies drop

Three point six percent of all US mortgages were in delinquency in November, a 2.3 percent year-over-year drop, according to data released Tuesday. Early-stage delinquencies – 30 to 59 days overdue – totaled 1.2 percent, down from 1.4 percent, according to CoreLogic in Irvine. Loans 60 to 89 days past …

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Senior housing project under construction in downtown Riverside

Construction has started on a 95-unit affordable senior housing project in Riverside. Oasis Senior Villas is expected to be finished in the summer of 2023, according to a statement by R.D. Olson Construction in Irvine, the project’s general contractor. The four-building development, half of which will be for homeless seniors …

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Big Bear Lake retail centers sells

A retail center in Big Bear Lake has sold for $3.9 million. The Village Mall at Big Bear, 40729 Village Drive, changed hands in an all-cash transaction between two private investors whose names were not released, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive represented the seller, who …

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SB apartment complex sold

Sold Stamp

A 35-unit apartment complex in San Bernardino has been sold for $5 million. Las Brisas Apartments, at 3665 N. E St., is a two-story gated community near San Bernardino Valley College that was recently purchased by a private investor who asked to remain anonymous, according to CBRE. “The seller found …

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U.S. home price growth expected to cool

Nationwide housing prices take record jump

Home prices nationwide increased 15 percent in 2021, the result of high demand and not enough houses available for sale, according to data released Tuesday. That was a nine percent increase from 2020, as home prices grew 10 percent in first quarter and reached 18 percent growth in the fourth …

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