Four percent of all U.S. mortgages were in some stage of delinquency in August, according to data. That was a 0.6 percent decrease compared with August 2017, Irvine-based CoreLogic reported in its monthly assessment of nationwide loan performance. “Delinquency” is defined as any loan 30 days or more past due, …
Read More »U.S. home prices rise
Home prices nationwide increased 5.6 percent in September year-over-year, according to data. That upward trend is expected to slow during the next year: prices of single-family homes and condominiums will rise 4.7 percent between September of this year and September 2019, Irvine-based CoreLogic reported. “The erosion of affordability in the …
Read More »Lake Elsinore retail property sells
Lake Elsinore Marketplace, a 13-year-old regional shopping center, has been sold. The property, which is anchored by a Grocery Tree, PetSmart and Dollar Tree, changed hands for $44.2 million, according to Hanley Investment Group, a retail investment advisory firm in Corona Del Mar that specializes in retail sales. The transaction …
Read More »Southern California housing market hits 10-year low
The Southern California housing market might finally be cooling down. Sales of houses and condominiums in September were down nearly 22 percent compared with August and 17.7 percent year over year, Irvine-based CoreLogic reported yesterday. Total sales in the six-county region were 17,369, the lowest number for that month since …
Read More »Riverside office project sold
A Class A office property in downtown Riverside has been sold. The two-building complex sold for an undisclosed sum, according to a statement released Monday by Newmark Knight Frank. The seller was a partnership between CarVal Investors, a global firm that specializes in distressed properties, and EverEWest Real Estate Investors, …
Read More »Montclair shopping center changes hands
A Montclair shopping center has sold for $4 million. Shops at Mission Square, a 5,800-square-foot project at 4467 Mission Blvd., sold in an all-cash transaction, Progressive Real Estate Partners in Rancho Cucamonga announced Monday. Progressive Real Estate and Epsteen & Associates San Diego represented the seller, a private investor in …
Read More »