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Real Estate

State homes sales continue to top expectations

Inland Empire Homeowners Spending More on their Homes

Sales of detached single-family homes in California reached 489,590 units in September, a 21.2 percent year-over-year, according to the California Association of Realtors. Statewide, the median price of a single-family home last month was $712,430, up 17.6 percent compared with September 2019, the Los Angeles-based association reported in its monthly …

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Prediction: state home sales, prices to rise slightly

California’s single-family home sales and median prices are expected to rise slightly next year, according to a forecast. Home sales are expected to rise 3.3 percent, to 392,510 units in 2021, while the median price will move up 1.3 percent, to $648,760, the Los Angeles-based California Association of Realtors predicted. …

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Pizza chain leases space in Rialto

Little Caesars Pizza has leased 1,200 square feet at a shopping center in Rialto. The neighborhood center at 1138 N. Riverside Ave., is now fully leased, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive represented both parties in the lease negotiations. The terms of the agreement were not …

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Long-term mortgage delinquencies rise

Serious mortgage delinquencies rose in July to their highest point in six and a half years, according to data. Nationwide, 4.1 percent of all mortgages were 90 days or more past due, up from 1.3 percent in July 2019, Irvine-based CoreLogic reported in its monthly report on mortgage delinquencies. That …

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Inland industrial market flexes its muscle

Inland Empire Industrial Market

Even the worst public health crisis in anyone’s memory, and the economic slowdown that’s accompanied it, can’t hurt the Inland Empire’s industrial market. During the third quarter, the region’s industrial vacancy rate fell, average lease rates were constant and absorption was up, according to data released by Voit Real Estate …

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Three industrial buildings slated

Inland Empire Business Daily Construction News.003

Newcastle Partners will soon start construction on three industrial buildings in the Inland Empire. The buildings – one in Redlands and two in unincorporated Riverside — combined will cover 824,300 square feet and be built without signed tenants, according to a statement. The projects are: Redlands Commerce Center, a joint-venture …

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