Wednesday , April 17 2024

Real Estate

U.S., Inland home prices record double-digit growth

Housing rents continue to rise

U.S. home prices grew 20.2 percent in May compared with May 2021, the 16th consecutive month home prices have posted double-digit growth year-over-year. Thirteen states recorded home price growth of more than 20 percent between May of 2021 and May of this year, while prices increased nearly two percent between …

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Inland Empire housing affordability drops

U.S. home prices record annual decline

Several factors, starting with high prices and not enough houses being built, have caused the median price of home to fall out of reach for more residents, according to a UC Riverside study.   The Inland Empire, for years one of Southern California’s most affordable housing markets, may no longer …

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Upland apartments sell for $82 million

building sold

Foothill Ridge, a 232-unit apartment complex in Upland, has been sold for $82 million. Institutional Property Advisors, a division or Marcus & Millichap, negotiated the sale, according to a statement. The sale breaks down to $353,448 per unit. The seller was Virtu Investments, an apartment fund manager in Carlsbad with …

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Claremont retail property fetches $4.1 million

Claremont retail property fetches $4.1 million

A fully-occupied retail building in Claremont has been sold for $4.1 million. The structure, at 903-911 Foothill Blvd. covers 9,226 feet and is next door to Sprouts Farmers Market, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive marketed the property and represented the seller, The Festival Companies, a …

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Mortgage delinquency rates continue to decline

Two point seven percent of all of all U.S. mortgages were in some state of delinquency – 30 days or more past due, including foreclosures – in March, according to a recent report. That was a 2.2 percent decrease – from 4.9 percent – in March 2021, Irvine-based CoreLogic reported. …

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State home sales drop

Sales of existing single-family homes in California fell 15.2 percent year-over-year in May, according to the California Association of Realtors. Statewide sales totaled 377,790 during the fifth month of the year, while the median price of a single-family home was $898,980, up 9.9 percent from May 2021, the Los Angeles-based …

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