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Home prices keep rising, as supply remains an issue

Home prices nationwide increased 7.3 percent year-over-year in October, the fastest 12-month appreciation since April 2014, according to data released Tuesday. Month-over-month, that figure was 1.1 percent, Irvine-based CoreLogic reported in its monthly assessment of the U.S. housing market. Prices rose because of increased demand and not enough supply, and …

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Local real estate broker helps with out-of-state school sale

Sold Sign

Progressive Real Estate Partners in Rancho Cucamonga has helped broker the sale of a preschool in Glendale, Ariz. Sunrise Preschool sold for $2.5 million in an all-cash transaction, according to a statement posted on Progressive’s website. Progressive, along with S.J. Fowler Real Estate in Mesa, Ariz., represented the seller, an …

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Route 74 to be widened

A Watsonville construction company will widen State Route 74 from Lake Elsinore to the Riverside County-Orange County line. Granite, which specializes in infrastructure projects, has been awarded the State Route 74 Ortega Highway Widening Project by the California Department of Transportation, according to a statement released Tuesday. The $39 million …

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IE manufacturing bounces back … for now

Car Manufacturer

At least for the moment, the Inland Empire’s manufacturing sector is back on the positive side of the ledger. The region’s purchasing managers index in November was 55.5, down from 61 in September, according to data released by the Institute of Applied Research and Policy Analysis at Cal State San …

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Redlands passes sales tax measure

Redlands has passed Measure T, a one-percent sales tax that will raise money for public safety, city services, and infrastructure. The Nov. 3 ballot measure, which needs a simple majority for approval, passed with 57 percent of the vote, according to a statement on the city’s website. The San Bernardino …

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IE gets its share of phone scams

Southern California Edison has announced the top 10 cities in its service area for utility bill telephone scams reported by its customers, and the Inland Empire is well-represented. Five of the cities listed – Fontana, Hemet, Moreno Valley, Ontario, and San Bernardino – are in Riverside or San Bernardino counties, …

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