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Tag Archives: Real Estate

All-cash home purchases drop

All-cash home purchases drop

Twenty eight point eight percent of all U.S. homebuyers in March paid cash, down one percent year-over-year, according to a report. That was also the lowest percentage of cash purchases during the third month of the year since 2021, when that number was also 28.8 percent, Seattle-based Redfin reported. All-cash …

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Pending home sales drop

Pending home sales fell 1.1 percent week-over-week as of May 17, the first nationwide decline since early April. Mortgage-purchase applications declined four percent during that time, a drop attributed to an increase in interest rates, according to Redfin, a Seattle-base real estate company that operates a popular real estate brokerage …

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Fast-food restaurant sold

Fast-food restaurant sold

A 2,700-square-foot building in Ontario occupied by a Wienerschnitzel restaurant has been sold. The free-standing building at 4605 Mills Circle was purchased by a private investor for $2.8 million, according to Progressive Real Estate Partners in Rancho Cucamonga. The buyer was represented by Progressive and the seller, represented by Kotai …

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State median home price climbs

State median home price climbs

California’s median home price reached a record high in April, helped by lower mortgage rates and more sales in high-end neighborhoods. The median home price reached $914,810 last month, a 2.9 percent increase from March and up slightly year-over-year, the California Association of Realtor reported. Sales of existing single-family homes …

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Retail market stays up, defying economic headwinds 

Retail market stays up, defying economic headwinds 

Despite high gas prices and inflation, U.S. retail sales rose for the seventh consecutive month in April, according the National Retail Federation. Nationwide sales, not counting automobile and gasoline transactions, were up 0.34 percent from March and up 5.7 compared with April 2025, the federation reported. The month-over-month figure was …

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State housing market has solid first quarter

State housing market has solid first quarter

Housing affordability improved statewide during the first quarter of 2026, posting gains quarter-over-quarter and year-over-year. Twenty two percent of California’s households could afford the median price of a single-family home – $843,390 – during the first three months of this year, up one percent from the fourth quarter of 2025 …

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