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Report: U.S. homes are selling for their asking price

Residential development for sale

The average U.S. home is selling for approximately $383,000, only $4,000 less than the all-time record price set exactly one year ago, according to Redfin. That’s the smallest year-over-year drop in four months, and only the second time since August that the nationwide sale-to-list price ratio has hit 100 percent, …

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Riverside fills administrative posts

Riverside fills administrative posts

Riverside has a new assistant city manager and finance director. Edward Enriquez and Kristie Thomas were recently named to those positions, respectively, according to a statement on the city’s website. Enriquez, who has been interim city manager for about the past year, will remain chief financial officer and treasurer. “I’m …

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Morongo to host job fair

Casino to hold job fair

Morongo Casino Resort & Spa will hold two job fairs later this month. The events are scheduled to be held from 10 a.m. to noon July 7 and July 18 in the recently opened Marketplace Food Hall, according to a statement. About 60 positions are expected to be filled. “The …

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ONT expects busy July 4 weekend

Ontario International Airport is predicting a seven percent year-over-year increase in passenger traffic during the upcoming July 4 weekend. Nearly 107,000 air travelers are expected to pass through Ontario International from June 30 through July 5, a 13 percent increase from pre-pandemic 2019, when Independence Day fell on a Thursday, …

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Report: U.S. mortgages are strong

Two point eight percent of all U.S. mortgages were in some stage of delinquency in April, according to data released this week. That figure, which includes foreclosures, is essentially unchanged from exactly one year earlier, Irvine-based CoreLogic reported. “U.S. loan performance remains resilient, with delinquencies and foreclosures continuing to hover …

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U.S. home prices record annual decline

U.S. home prices record annual decline

U.S. home prices fell 0.24 percent in April, a modest decline but the first year-over-year drop in 13 years. That trend was offset somewhat by a 1.3 percent increase between March and April, suggesting that home prices in some markets are rising, according to the US CoreLogic S&P Case-Shiller Index, …

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