Sales of single-family homes in California rose slightly in August, the result of an improvement in mortgage rates and a leveling off of home prices. Closed escrow sales totaled 264,240 last month, a 0.9 percent increase from July, and essentially unchanged year-over-year, according to the California Association of Realtors. Those …
Read More »Chino retail property sold for $7 million
A retail parcel in Chino occupied by a 7-Eleven and a Laredo Taco Company has been sold for $7 million in an all-cash transaction. The property in the 15600 block of Hellman Avenue is part of The Preserve, a 5,400-acre master-planned community, according to Hanley Investment Group Real Estate Advisors …
Read More »Prediction: state home sales, prices will rise next year
Sales of existing single-family homes in California are expected to reach 274,400 units in 2026, a two percent increase on last year’s projection if that forecast proves to be true, according to one of the state’s largest real estate trade groups. The state’s median home price is expected to rise …
Read More »California looks to regulate short-term rental units
Cities will have a way to enforce their regulations on short-term residential unit if a bill co-sponsored by the League of California Cities becomes law. SB 346, which has passed the state Senate and Assembly, will also allow cities to collect the property tax owed to them and remove illegal …
Read More »California a haven for self-storage facilities: report
California will lead the western United States in self-storage development, according to a forecast. The state is expected to deliver 4.9 million square feet of self-storage space in 2025, the most of any state except for Texas and Florida, predicts rentcafe.com, a website that tracks self-storage properties and apartments. Most …
Read More »Sales of seasonal homes drops
Homes sold in towns where vacation residences drive much of the housing market fell three percent year-over-year in July, according to a report. That compares to a one-percent nationwide decline in home sales in towns where seasonal homes are not a major factor, Redfin reported. In seasonal towns, sales have …
Read More »
IE Business Daily Business news for the Inland Empire.