Real Estate

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 …

National home prices increased 4.9 percent in June compared with June 2019, according to data. Month-over-month, prices of condominiums and single-family homes rose one percent in June, the fastest monthly gain since January 2013, Irvine-based CoreLogic reported in its monthly assessment of the U. S. Housing market. “Mortgage rates hit …