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Tag Archives: Real Estate

U.S. home payments hit record high

Home-sale cancellations rise

The U.S. median monthly home payment reached $2,647 during the four weeks that ended June 14, its highest rate in one year, according to a report. That was $100 less than the all-time highest payment, which was recorded two years ago, Seattle-based Redfin reported. “Housing payments are rising because both …

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State housing market stays strong

State housing market stays strong

May was another solid month for the California housing market. Sales of existing single-family homes rose statewide during the fifth month of the year while the median home price increased for the second consecutive month, the California Association of Realtors reported. Home sales were up 5.1 percent year-over-year, but were …

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Apartment community opens in Murrieta

Apartment community opens in Murrieta

A 15-acre high-end apartment community has opened in Murrieta. Vintage Farms was developed by MBK Rental Living in Irvine and is available for leasing, according to a statement released by the company. The 330-unit project at 28749 Clinton Keith Road just east of Interstate 215 features studio, one-, two-, and …

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El Pollo Loco building sold

El Pollo Loco building sold

A Corona building leased to El Pollo Loco has been sold for $2.9 million. The stand-alone structure, which covers 2,250 square feet at 610 N. Main St., was bought by a private investor who declined to be identified, according to Progressive Real Estate Partners in Rancho Cucamonga. The seller also …

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Median U.S. home price hits record high

Median U.S. home price hits record high

The median price of a single-family home nationwide reached $400,894 during the four weeks that ended June 7, according to Redfin. That was a record high, and a 1.5 percent year-over-year increase, the result of high mortgage rates reducing the number of pending sales for the fourth consecutive month, the …

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New home listings drop

New home listings drop

The U.S. housing market continues to struggle. Listings of new homes for sale fell 1.3 percent during the week that ended May 31, one of the  steepest week-over-week declines this year, according to Redfin. That’s not the only sign of would-be homebuyers staying away from the market, the Seattle-based real …

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