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Real Estate

U.S. mortgage delinquencies up slightly

median priced home

Five point eight percent of all U.S. mortgages were in some state of delinquency in December, a 2.1 percent year-over-year increase, according to data released last week. Early-stage delinquencies – 30 to 59 days past due – were at 1.4 percent, down from 1.8 percent in December 2019, while mortgages 60 …

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San Bernardino apartment complex gets a new lease on life

Thanks to a public-private partnership, a rundown multifamily project has been restored and made livable. The Golden California Apartments could serve as a model for other residential restoration projects in the city, according to officials. On Thursday, members of the San Bernardino City Council are scheduled to gather at an …

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Western-themed retail center is up for sale

Residential development for sale

A 77,000-square-foot indoor retail center in San Jacinto is on the market. Farmer’s Corner is available for $4.3 million, according to Progressive Real Estate Partners in Rancho Cucamonga, the real estate brokerage marketing the property. Built in 1980, the western-themed shopping mall at 2500 S. San Jacinto Ave. is owned …

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Home prices jump

U.S. home prices rose 10 percent in January, the highest year-over-year increase in more than seven years. Low mortgage rates left over from 2020 encouraged first-time homebuyers to try the housing market, allowing home price to remain strong despite economic uncertainty, according to CoreLogic in Irvine. “Record-low mortgage rates were …

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Apartment complex fetches $5.4 million

Apartment Building in Riverside

A 32-unit apartment complex in Riverside has sold for $5.4 million. Located at Madison Street and Magnolia Avenue, the two-story multifamily property has exclusively one-bedroom floorpans, according to a statement released today by CBRE. The purchase price works out to $170,000 per unit. Brian and Sue McMillan were the sellers …

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Industrial building leased to bedding company

An 80,000-square-foot industrial building in Rialto has been leased. The building, at 1798 N. Linden Ave., will be fully occupied by “a well-established leader in the bedding industry,” according to Dermody Properties in Reno, Nev., owner of the property. The future occupant’s name, and how many people will work there, …

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