Real Estate

U.S. housing prices rose 18 percent in July, the highest year-over-year increase since 1976, according to data released today. That increase was fueled by low mortgage rates, low supply and a rebounding economy, according to Core Logic’s  Home Price Index Report for the seventh month of the year. Expected increases …

CBRE has completed sales of seven multifamily properties in the Inland Empire worth a combined $14.4 million. The buyers are all private investors attracted to the two-county region because rents there are rising, according to a statement released Monday. Names of buyers and sellers were not made public. The properties …

A retail property in Barstow occupied by Raising Cane’s Chicken Fingers has sold for $5.5 million. The transaction includes the 1.2-acre site at 2620 Fisher Blvd. where the fast-food restaurant is located and its 15-year lease, according to SRS Real Estate Partners. SRS represented the seller, Starboard Realty Advisors. Newmark …

Expanded rental assistance is available to housing providers under the California Rent Relief Program. The program allows residential landlords with eligible tenants to recover 100 percent of unpaid COVID-19 rent owed to them going back to April 1, 2020, according to the California Association of Realtors. Previously, state law prohibited …

A 70-acre parcel in Riverside County intended for residential development is for sale. Stone Creek, at the southeast corner of Grand Avenue and Leon Road in the unincorporated Winchester, will accommodate 224 single-family homes, according to WD Land in Irvine. The site includes a 5.7-acre park and 3.8 acres of …

Only 23 percent of California households could afford to buy a median-priced home – $817,950 – during the second quarter of 2021, according to a report. That was down from 27 percent in the first quarter of 2021 and from 33 percent year-over-over, drops caused by low-interest rates and not …