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Tag Archives: Real Estate

Multifamily rents rise

Multifamily rents continued to grow in April, rising to an average of $1,377 per month nationwide, according to data released this week. That was an increase of $4, enough to boost rent growth nationwide by $10 during the last two months, commercial real estate data and research firm Yardi Matrix …

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Lake Elsinore lands ice manufacturer

An ice manufacturer and distributor will occupy an industrial building in Lake Elsinore that was completed earlier this year. An entity of San Diego Ice Co. paid $3.4 million for the 24,000-square-foot building in Fairway Business Park, according to Avison Young, the commercial real estate firm that helped negotiate the …

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Delinquent mortgage payments drop

“Underwater” Home Decline

The Inland Empire’s mortgage delinquency rate dropped slightly between February 2017 and February of this year, according to data released Tuesday. Four point two percent of all mortgages in Riverside and San Bernardino counties were delinquent by 30 days or more in February, a .4 percent drop year-over-year, Irvine-based CoreLogic …

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U.S. home prices climb

State home sales projected to rise in 2025

Home prices nationwide were up in March, the result of a lot of potential buyers but not enough houses to meet demand, according to report released Tuesday. Prices rose seven percent year-over-year and 1.4 percent compared with February, Irvine-based CoreLogic reported in its monthly Home Price Index. “Home prices grew …

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Inland office market might be stronger than it appears

Inland Empire office market continues to improve

The numbers aren’t through-the-roof, but there’s reason to believe the market might be stronger than the data indicates. On the surface, the Inland Empire office appears to be plodding along, keeping its head above water but not accomplishing much else. The first quarter numbers from two major brokerages tell a …

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Southern California home prices soar

Home Prices Increase

Southern California’s median home price rose 8.4 percent in March, as too many buyers pursued too few new and existing houses and condominiums. The region’s median price, 519,000, was a $40,000 increase from March, 2017, according to Irvine-base CoreLogic’s monthly housing report, which was released Monday. That was also the …

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