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Tag Archives: Real Estate

Foreclosure Rater Stays Down

Inland Empire Foreclosures Down

The Inland Empire’s foreclosure rate was essentially unchanged in July, according to data released Wednesday. Of the region’s outstanding mortgage loans, 0.54 percent were in foreclosure, down from 0.74 percent in July 2015, Irvine-based CoreLogic reported. That was below July’s national foreclosure rate, which was 0.93 percent. The Inland Empire’s …

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Cash Sales of Inland Empire Homes Stay Low

Home Cash Sales

Cash transactions accounted for 24 percent of all home sales in the Inland Empire during June, essentially unchanged year-over-year. Nationwide, cash sales were 29.3 percent, a drop of 2.5 percent compared with June 2015, according to data released Tuesday by Irvine-based CoreLogic. That was the first time that home cash …

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Industrial Building Sold

Inland Empire Retail Properties Sold

An industrial building that was recently constructed on the Inland Empire’s west side has been sold. Montclair Logistics Center, a single-tenant structure that covers nearly 130,000 square feet, sold for $14.3 million, according to the Ontario office of Newmark Grubb Knight Frank. The transaction was announced Thursday. The building, which …

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Southern California Home Sales Rise

Strong Housing Report for IE

Despite rising prices and concern about the economy slowing, Southern California home sales rose substantially in August, according to data released Monday. Total sales of new and resales houses and condominiums totaled 23,278 last month, up 9.5 percent year-over-year, Irvine-based CoreLogic reported in its monthly assessment of the six-county housing …

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“Underwater” Home Decline

“Underwater” Home Decline

Nine percent of all Inland Empire residential properties with a mortgage were in negative equity during the second quarter, a year-over-year drop of 3.2 percent, according to data released Thursday. Nationwide, the number of mortgaged residential properties with negative equity – meaning more is owed on the property than the …

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Local, National Home Prices Increase

Home Prices Up

Inland Empire home prices, including distressed sales, increased 6.3 percent in July year-over-year, according to data released this week. Compared with June, home prices in Riverside and San Bernardino counties increased 0.8 percent, Irvine-based CoreLogic reported in its monthly report on U.S. home prices. Nationwide, home prices increased six percent …

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