Real Estate

Home prices nationwide rose 15.4 percent in May, the largest year-over-year increase since November 2005, according to data released today. Not enough houses being built combined with a demand for more homes continued to drive up prices during the fifth month of the year, causing many prospective buyers – especially …

A 131-year-old office building in downtown Riverside has been sold. The three-story Loring Building at 3685 Main St. sold for $6.1 million, or $251 per square foot, according to a statement released by CBRE. CBRE represented the seller, a Riverside-based private investment group whose names were not released. The buyer …

Gov. Gavin Newsom has signed a bill that will provide more federal rent relief to state rental assistance programs. Current law limits to 80 percent the amount of back rent a housing provider can reclaim, but AB 832 allows providers – aided by the extra federal dollars – to receive …

The popular phrase is overused, but the Inland Empire’s housing market may be settling into a “new normal” for the next 3 – 5 years — and perhaps a disturbing one at that. Think 2025 or 2026 before supply-and-demand market functionality exhibits some long-term traditions that realty agents, mortgage lenders, …

Inland Empire industrial lease rates rose 24.1 percent year-over-year in the second quarter of this year, the second-highest increase of any U.S. submarket in that time, according to a report. Only Northern New Jersey, which recorded a 33.3 percent increase, was higher, according to a report released Thursday by CBRE. …

A retail building at the Highland Village Shopping Center in Fontana has sold for $3.2 million. The structure, occupied by Sit ’n Sleep, covers 8,400 square feet and is next to Sprouts Farmers Market, the shopping center’s anchor tenant, according to a statement released yesterday by Hanley Investment Group Real …