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Real Estate

Mortgage delinquencies on the rise

Inland Empire Foreclosures Down

Seven point three percent of all U.S. home mortgages were in some stage of delinquency in May, according to data released Tuesday. That was a 3.6 percent year-over-year increase, according to CoreLogic’s monthly report on loan delinquencies. “Some stage of delinquency” means 30 days or more past due, plus foreclosures. …

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Realtors ask for more COVID-19 help

Foreclosures continue to drop

The California Association of Realtors is asking for more funding to deal with the COVID-19 pandemic. In a recent letter to the California Congressional Delegation, the advocacy group asked Congress to pass another COVID-19 relief package, one that will help people make their rent or mortgage payments, according to a …

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High-end Riverside office building sold

A downtown Riverside office building has been sold for $16 million. The 44,354-square-foot structure at 3480 Vine St. sold to an “institutional buyer” in Chicago whose name was not released, according to a statement released by CBRE. A five-member brokerage team from CBRE’s Ontario and Newport Beach offices represented the …

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U.S., local home prices rise

National home prices increased 4.9 percent in June compared with June 2019, according to data. Month-over-month, prices of condominiums and single-family homes rose one percent in June, the fastest monthly gain since January 2013, Irvine-based CoreLogic reported in its monthly assessment of the U. S. Housing market. “Mortgage rates hit …

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Fontana apartment complex sold

Inland Empire Retail Properties Sold

An 18-unit apartment complex in Fontana has sold of $2.6 million. The Juniper Apartments at 8945 Juniper Ave. was sold by a local private investor whose name was not released, CBRE said Wednesday. Information about the buyer was not available. The property is near Chaffey College, the Fontana Metrolink Station, …

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IE is launch pad for home office design

KB Home is introducing its home office design this week at two Inland Empire developments. The Carmel Ridge at Spring Mountain Ranch in Riverside and Talavera community in Menifee will include the home office, which is designed to make working from home easier and more productive, according to a statement …

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