Real Estate

Home prices nationwide increased 6.7 percent in September compared with September 2019, according to data released Tuesday. That was the fastest year-over-year acceleration in the prices of single-family homes and condominiums since May 2014, Irvine-based CoreLogic reported in its monthly assessment of the U.S. housing market. Nationwide home prices increased …

A multifamily community in Palm Desert that caters to seniors has been sold. The 30-year-old development at 73625 Catalina Way, sold recently for $3.8 million, according to CBRE. Buyer and seller were private parties whose names and places of business were not released. CBRE represented both in the negotiations. “This is …

Modway Inc., a furniture distribution company, will open a logistics facility in Hesperia that will employ 200 people. The warehouse-distribution building, which is expected to begin operating in the fall of 2021, will cover one million square feet at Interstate 15 and U.S. Route 395, according to a statement. It …

Sales of homes in California are expected to rise 3.3 percent in 2021, to 392,510 units, according to the California Association of Realtors. That “modest” increase will be accompanied by a 1.3  percent increase in the median price of a single-family home, to $648,760, the Los Angeles-based trade group predicted. …

A 230-unit Class A apartment complex in Murrieta has been sold. Mitchell Place, a gated community of apartments and townhomes that opened in June 2019, was sold for an undisclosed sum, according to a statement. MBK Rental Living, the project’s developer, was the seller. MBK Rental Living is a division …

Sales of detached single-family homes in California reached 489,590 units in September, a 21.2 percent year-over-year, according to the California Association of Realtors. Statewide, the median price of a single-family home last month was $712,430, up 17.6 percent compared with September 2019, the Los Angeles-based association reported in its monthly …