Real Estate

The median price of a single-family home nationwide reached $400,894 during the four weeks that ended June 7, according to Redfin. That was a record high, and a 1.5 percent year-over-year increase, the result of high mortgage rates reducing the number of pending sales for the fourth consecutive month, the …

The U.S. housing market continues to struggle. Listings of new homes for sale fell 1.3 percent during the week that ended May 31, one of the  steepest week-over-week declines this year, according to Redfin. That’s not the only sign of would-be homebuyers staying away from the market, the Seattle-based real …

Today’s residential market definitely favors homebuyers. More sellers nationwide are removing the For Sale sign from their front yard because they’ve been unable to get the sale price they’re looking for, according to Seattle-based Redfin. In April, 5.8 percent of all listed homes nationwide were taken off the market, tied …

Pending home sales fell 1.5 percent nationwide during the week that ended May 24, the second straight week of decline after four consecutive week of increases. Mortgage-purchase applications fell to their lowest level since early April, the result of higher mortgage rates keeping a lot of would-be homebuyers on the …

National CORE has broken ground on an apartment complex in Oceanside for seniors. The Rancho Cucamonga-based developer of affordable housing, and the San Diego Community Housing Corp. will build Coast Vilas near Oceanside Municipal Pier, according a statement on National Core’s website. The 56-unit project will be available to individuals …

Walmart Realty has purchased a cold-storage facility in Riverside. A subsidiary of Walmart Inc, Walmart Realty paid $223 million for the 507,000-square operation at 1001 Columbia Ave., according to a statement. The seller was State Street Corp., a U.S. multinational financial services and bank holding company based in Boston. Walmart …