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Tag Archives: Real Estate

Mortgage delinquencies hit new low in May

Mortgage delinquencies continue to fall

Two point seven percent of all U.S. mortgages were at least 30 days past due in May, according to data released today. That number, which includes foreclosures, was a two percent drop in early-stage delinquencies from May 2021, Irvine-based CoreLogic reported in its monthly report on loan performance. Loans 60 …

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Riverside apartment complex sold

A 304-unit Riverside apartment complex has been sold. Metro 3610 was purchased for an undisclosed sum by Silver Star Real Estate in La Palma, CBRE announced Tuesday in a statement. CBRE represented the seller, whose name was not released. The property, at 3610 Banbury Drive, was built in 1984. It …

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Riverside apartment complex sold before it’s completed

building sold

A 482-unit apartment complex in Riverside has been sold. The project, which sits on 18 acres at 3461 La Cadena Drive, is part of The Exchange, a 35-acre mixed-use development being developed by AFG Development LLC, according to a statement. JPI Development Group Inc. in Murrieta purchased the project from …

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Home prices continue to grow

Nationwide housing prices take record jump

Home prices nationwide grew 18.3 percent in June, the 125th consecutive month of year-over-year price growth in the U.S. housing market, according to data released this week. Despite that, price appreciation slowed from the previous month for the second consecutive month, a sign of reduced buyer demand caused by higher …

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Seniors-only community in Rancho Cucamonga sold

A multifamily project in Rancho Cucamonga restricted to people 55 years old and older has been sold. The Village on 5th, a 264-unit property at Fairway View Place, changed ownership late last month for an undisclosed sum, according to CBRE. Acacia Capital Corp. a real estate firm in San Mateo, …

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Report: Riverside vulnerable to housing shortage

Riverside’s housing market is among the most vulnerable in the United States to a slowdown if a recession hits, according to a recent study. Homeowners in Boise, Idaho, Tampa, Fla. and Phoenix, Ariz. are considered more likely to lose at least some of the value their properties accumulated during the …

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