Thursday , June 1 2023
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Real Estate

CAR says HUD move will make it easier to buy a home

The California Association of Realtors is praising the U.S. Department of Housing and Urban Development for reducing the annual mortgage insurance premium on loans insured by the Federal Housing Administration, a move it said will lead to more homeownership in California. “Today’s move by HUD and the FHA to lower …

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Future 7-Eleven stores sold

Two 7-Eleven stores under construction in Riverside County have been sold for a combined $10.1 million. The first store, a 3,494-square-foot structure on one acre at Golf Center Parkway and Avenue 45 in Indio, sold for $5.1 million, according to Hanley Investment Group Real Estate Advisors in Newport Beach. The …

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State home sales inch up

Sales of existing single-family homes in California totaled 241,520i in January, up slightly from December but a 45.7 percent drop from one year earlier, according to a report released today. Statewide, the median home price in the first month of 2023 was $751,330, down three percent from December and a …

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Progressive arranges three cookie store leases

Progressive Real Estate Partners in Rancho Cucamonga has negotiated three leases for the franchisee of a popular cookie store chain. All three Crumbl Cookies sites are on the east end of the San Gabriel Valley: Diamond Bar (1,685 square feet at 2438 Golden Springs Drive), Glendora (1,200 sf at 1385 …

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Shopping center sells for $24.6 million

Sold Stamp

A grocery-anchored shopping center in Menifee has been sold for $24.6 million. Tourmaline Capital, a San Diego-based real estate investments firm, sold the property to a private investor, according to JLL Capital Properties. JLL’s Irvine office represented Tourmaline Capital in the negotiations, which were completed last month. The buyer’s name …

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Report: Buying a house remains out of reach for most

affordable housing crisis chino

Only 17 percent of California households could afford a median-priced home – $790,020 – during the last quarter of 2022, according to a study released this week. That was an 18 percent drop from the previous month and a 25 percent decline from the last three months of 2021, the …

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