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Real Estate

Mortgage delinquencies stay low

Mortgage delinquencies continue to fall

Two point eight percent of all U.S. home loans were in some state of delinquency in September, a decline of 1.1 percent year-over-year, according to a recent report. About 1.4 million loans were at least 30 days or more past due during the ninth month of 2022, Irvine-base CoreLogic reported …

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Industrial building planned in Perris

Industrial building planned in Perris

An Orange County developer plans to build a 100,000-square-foot industrial building in Perris. The structure will be developed at Ramona Expressway and Brennan Avenue without a signed tenant, according to Westport Properties Inc. in Irvine. Construction is expected to start during the third quarter of 2023 and be completed in …

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State, Inland home sales plummet

Sold Sign

Sales of existing single-family homes in California totaled 274,040 in October, down 10.4 percent from September and down nearly 37 percent year-over-year, according to a report released this week. That was the lowest sales level since February 2008 and the largest year-over-year decline since December 2007, not counting the pandemic, …

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Shopping center sells for $8.4 million

A 20,600-square-foot neighborhood retail center in Chino has been sold. Chino Village sold recently for $8.4 million, along with 2.5 acres of open space next door that is ripe for development, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive marketed the property at 4103 Riverside Drive and represented the …

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State housing affordability drops

Eighteen percent of California households could afford a median-priced home – $829,760 – during the third quarter, according to the California Association of Realtors. That was up 16 percent from the second-quarter of this year but down from 24 percent compared with the third quarter of 2021, the Los Angeles-based …

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Target to take over part of former Kmart building

Target will occupy 70,000 square feet of space in Ontario formerly used by Kmart. The retail chain has leased space in the Vineyard Freeway Center, 1670 E. Fourth St., according to Progressive Real Estate Partners in Rancho Cucamonga. Terms of the agreement were not disclosed. Progressive marketed the property next …

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