More good news for the Inland Empire housing market: foreclosures among outstanding mortgage loans in the two-county region was 0.60 percent in May, a year-over-year drop of 0.16 percent, according to data released Thursday. Foreclosures in the Riverside-Ontario-San Bernardino market during May were below the one percent national rate, Irvine-based …
Read More »Inland Empire Industrial Market Stays Hot
The Inland Empire’s industrial market ended the second quarter with a vacancy rate of 3.1 percent, having absorbed 4.6 million square feet of space during that three-month period, according to data released Wednesday. In all, 13 million square feet of new industrial product was delivered in Riverside and San Bernardino …
Read More »Cash Sales of Inland Empire Homes Below National Rate
Cash transactions accounted for 25.1 percent of all home sales in the Inland Empire during November, according to data released Wednesday. That was virtually unchanged from April 2015 – a drop of 0.4 percent – but it was below the national rate of 31.6 percent, Irvine-based CoreLogic reported. During the …
Read More »IE Posts Solid Retail Numbers
The Inland Empire’s retail market continued to improve during the second quarter of 2016, with vacancy down and net absorption up during that three-month period. Vacancy in the two-county region was 9.6 percent, among the lowest rate recorded since the start of the recession in 2008, according to CBRE’s Inland …
Read More »So Cal Housing Market Flat
Single-family home sales in Southern California were flat last month compared with one year earlier, according to data released Tuesday. A total of 24,326 new and used home were sold in the six-county market in June, a drop of -0.2 percent compared with June 2015, Irvine-based CoreLogic reported in its …
Read More »Distressed Sale Continue to Decline
In other housing news, distressed sales accounted for 8.8 percent of all home sales nationwide during April, a drop of three percent year-over-year. In the Inland Empire, distressed sales accounted for 10 percent of all home sales during that month, CoreLogic reported Tuesday. That was the largest drop of any …
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