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Home prices climb nearly 10 percent

median priced home

Home prices nationwide were up 9.2 percent in December, the largest year-over-year gain in nearly seven years, according to a report. Despite COVID-19, the U.S. housing market performed well in 2020, as low-mortgage rates convinced many first-time buyers to enter the housing market, Irvine-based CoreLogic reported Tuesday. Still, the pandemic …

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Negotiations for ONT underground transit project OK’d

The San Bernardino County Transportation Authority has moved one step closer toward creating an underground transit loop between the Rancho Cucamonga Metrolink station and Ontario International Airport. Authority members approved negotiations with The Boring Company, founded by Elon Musk, to design and construct the tunnel, which would cover nearly four …

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CSUSB delegation holds online talks with state officials

Cal State San Bernardino President Tomas D. Morales and a group of students, alumni and faculty are meeting virtually this week with state legislators and government officials. The sessions, which began Tuesday and are scheduled to last through Friday, are part of Advocacy Day, in which representatives from the 23 …

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Newsom signs rent relief bill

Gov. Gavin Newsom has signed into law Senate Bill 91, which gives financial assistance of up to 80 percent of unpaid rent accrued due to COVID-19. The relief, available to qualifying housing providers and tenants, will be paid for with federal funding: The Congressional relief package that then-President Donald Trump …

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Fontana “spec” project sells for $54 million

IE manufacturing

A new industrial building in Fontana has been sold. The Fontana Santa Ana Industrial Center, a speculative project which covers nearly 300,000 square feet, sold for $54 million, according to a statement released earlier this week. The speculative project, one of the largest industrial developments undertaken on the Inland Empire’s …

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IE manufacturing keeps growing … slowly

Money Growth Chart

The Inland Empire’s manufacturing sector expanded for the fifth consecutive month in January. Last month’s purchasing managers index for the two-county region was 52.5, up from 50.6 in December, according to data released yesterday by Institute of Applied Research and Policy Analysis at Cal State San Bernardino. Anything above 50 …

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