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State housing affordability slips

Home Sales Decline

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 …

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OC contractor put in charge of CSUSB project

Inland Empire Business Daily Construction News.003

An Irvine contracting firm will oversee the expansion and renovation of Cal State San Bernardino’s Performing Arts Building. Rudolph & Sletten has been selected general contractor and construction manager of the $84 million project, according to a statement. Phase one will be the construction of a 106,000 square-foot addition to …

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Mortgage delinquencies on the rise

Inland Empire Foreclosures Down

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. …

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Omnitrans withstands COVD-19

Omnitrans, San Bernardino County’s largest public transit agency, provided more than 71,000 trips during the early days of the COVID-19 pandemic, the agency has reported. Fifty-six percent of those who rode Omnitrans during that time did so to get to work, and virtually all of them said they have remained …

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Realtors ask for more COVID-19 help

Foreclosures continue to drop

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 …

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Riverside approves CARES Act spending

Riverside has decided how it will spend nearly $28 million it received recently from the Cares Act via the state of California. The plan, approved recently by the city council, includes $2.6 million for shelter beds, $3.6 million for rental help, $3.6 million for business assistance, and $3 million to …

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