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Tag Archives: Real Estate

Desert convenience store, gas station sold

A Circle K store and gas station in Coachella has been sold for $3.1 million. Fountainhead Development in Newport Beach, the project’s developer, sold the property to a private investor in San Diego whose name was not released, according to Hanley Investment Group in Corona Del Mar. Hanley Investment represented …

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Construction begins on High Desert housing development

Major housing development takes shape in Eastvale

Adelanto has broken ground on a 22-unit housing tract. Oasis 22 will be developed at Raccoon and Kemper avenues by LNL Investment Group, an LLC based in Irvine, according to a statement on the city’s website. The project was approved in four months. “We are excited to celebrate this achievement, …

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Report: second homes lose popularity

U.S. home prices record annual decline

U.S. homebuyers took out 86,604 mortgages for second homes in 2024, a five-percent year-over-year drop, and the lowest number of second mortgages since 2018, a recent report as found. That data includes the purchases of second homes, primary homes and investment properties from 2018 to 2024, according to Redfin, a …

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State home sales slip

Homebuilding Veteran Joins Diversified Pacific, Sees Bright Future for Real Estate

California’s housing sales declined for the second straight month in April, as the state’s median price hit an all-time high. Sales of existing single-family homes last month totaled 267,710, down 3.4 percent in March but essentially unchanged from April 2024, according to data released May 19 by the California Association of …

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State housing affordability up slightly

Buying a home in California got a little easier during the first quarter of 2025, according to the California Association of Realtors. Seventeen percent of the state’s households could afford the median-price of a single-family detached home – $846,830 – during that time, up two percent from the fourth quarter …

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