Real Estate

Closed escrow sales of existing single-family homes reached an annualized rate of 437,890 units in July the California Association of Realtors reported this week. That figure, which includes seasonal factors that influence home sales, “represents what would be the total number of homes sold during 2020 if sales maintained the …

A Rancho Cucamonga construction company will build a 63,000-square-foot industrial building in that city. The structure will be located on a now-empty parcel on Fourth Street near Haven Avenue, according to a statement released recently by The Alliance Group Commercial Construction. Grading is underway, and construction is expected to be …

Thirty-three percent of California households could afford to purchase the $610,850 median-priced home in the second quarter, down from 35 percent in first quarter 2020 but up five percent from one year earlier. Forty-four percent of home buyers were able to purchase the $480,000 median-priced condominium or townhome, according to …

Seven point three percent of all U.S. home mortgages were in some stage of delinquency in May, according to data released Tuesday. That was a 3.6 percent year-over-year increase, according to CoreLogic’s monthly report on loan delinquencies. “Some stage of delinquency” means 30 days or more past due, plus foreclosures. …

The California Association of Realtors is asking for more funding to deal with the COVID-19 pandemic. In a recent letter to the California Congressional Delegation, the advocacy group asked Congress to pass another COVID-19 relief package, one that will help people make their rent or mortgage payments, according to a …

A downtown Riverside office building has been sold for $16 million. The 44,354-square-foot structure at 3480 Vine St. sold to an “institutional buyer” in Chicago whose name was not released, according to a statement released by CBRE. A five-member brokerage team from CBRE’s Ontario and Newport Beach offices represented the …