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Tag Archives: Real Estate

U.S., local home prices surge

Inland Empire Retail Properties Sold

Home prices, including distressed sales, were up 7.1 percent nationwide during March compared with March 2016, according to data released Tuesday. Month-over-month, the increase wasn’t as substantial: 1.6 percent, Irvine-based CoreLogic reported in its monthly assessment of U.S. housing prices. CoreLogic’s Home Prince Index is only 2.8 percent from its …

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Local home cash sales up

Home Cash Sales

Cash sales accounted for 29.9 percent of all home sales in the Inland Empire in January, a three-percent increase year-over-year, according to data released this week. That was below the national rate – 36.5 percent- for the first month of the year, Irvine-based CoreLogic reported. Nationwide, cash sales peaked in …

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Housing market stays strong

Inland Empire Business & Real Estate News

March was a solid month for the Southern California housing market. A total of 22,042 houses and condominiums, both new and resale, changed hands last month, according to data released Tuesday by CoreLogic in Irvine. That was a 47.6 percent increase month-over-month and a 7.8 percent increase compared with March …

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Affordable housing complex sells

Local Housing Sales, Prices Continue to Rise

A 90-unit affordable housing complex in Indio for low-income elderly people has been sold. Desert Oasis Apartments, which is subsidized by the U.S. Department of Housing and Urban Development, sold for $11 million, according to a statement released today by Colliers International The sale, a record for a HUD-subsidized property …

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Proposed law has commercial brokers in an uproar

Lawsuits Settled

AB 1059 would do away with dual agency, the practice of one broker representing both sides in a commercial transaction. Brokers call the proposal unfair and have vowed to fight back. A bill proposed by a state legislator in San Diego has some of the state’s commercial real estate brokers, …

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SB shopping center sells

High Desert Shopping Center Changes Hands

A shopping center in San Bernardino that is anchored by a 7-Eleven store has been sold. The property, at 1935 S. Waterman Ave., sold for $3.2 million in an all-cash exchange, according to Progressive Real Estate Partners. Progressive Real Estate represented the buyer, a private investor in Orange County whose …

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