Real Estate

Sales of existing single-family homes in California reached 240,330 in December, ending a three-month sales decline, according to data released this week. That was a 1.1 percent drop from November and a 44 percent drop from December 2021, when 429,860 homes were sold, the California Association of Realtors reported. Those …

A retail building next to Vineyard Ontario Plaza has been sold. The 3,060-square-foot structure at 1959 E. 4th St. was sold for $1.1 million, according to Progressive Real Estate in Rancho Cucamonga. The seller was LifeStream Blood Bank, a nonprofit that serves hospitals and medical centers in Southern California. The …

  A six-story Class A office building in Ontario has been sold for $39 million. Ontario Airport Tower was purchased by MGR Real Estate in Ontario, according to a statement released today by Newmark, a global commercial real estate firm that arranged financing for the transaction. Information about the seller …

Two point eight percent of all U.S mortgages were in some stage of delinquency in October, a year-over-year drop of one percent, according to a report. Of those, mortgages 30 to 59 days past due stood at 1.3 percent, while those 60 to 89 days past due made up 0.4 …

U.S. home prices rose 8.6 percent in November, the 130th consecutive month of price growth, according to data released today. That was the lowest rate of appreciation since November 2019, and it ended a streak of 21 consecutive months of double-digit price increases, Irvine-based CoreLogic reported. The 8.6 percent growth …

U.S. rents grew 8.8 percent in October, the lowest year-over-year growth rate since June 2021. That was also the sixth consecutive month that single-family rent growth slowed compared with the previous year, yet the 8.8 percent appreciation was three times larger than before the pandemic, Irvine-based CoreLogic reported. Rents are …