Single-family home sales in Southern California were mixed bag in August, down slightly compared with the previous month but up year-over-year. A total of 21,352 new and existing single-family homes were sold in the six-county region last month, a drop of 12.2 percent from July, according to CoreLogic’s monthly report …
Read More »Office building for sale
An office property in Corona is on the market. The complex, at 1101 California Ave. has nearly 40,000 square feet of leasable space and is fully occupied, said Gary Stache, executive vice president with CBRE Group Inc. and a member of the brokerage team that is marketing the property. Asking …
Read More »Mortgage crisis continues to wane
An estimated 759,000 properties regained equity during the second quarter of this year, according to data released Tuesday. Nearly 46 million mortgaged residential properties had equity as of June 30, about 91 percent of all such properties in the United States, Irvine-based CoreLogic reported in its quarterly equity analysis. Approximately …
Read More »Housing construction down in most markets
Lack of housing construction isn’t only a problem in Southern California. Despite significant job growth during the past several years, new home construction is currently below where it needs to be in most U.S. metropolitan areas, which is causing persistent housing shortages and unhealthy price growth, according to the National …
Read More »Distresses sales continue to fall
Distressed sales accounted for 9.4 percent of all home sales in the United States in June, the lowest percentage for that month since 2007, a report released Thursday stated. That was down nearly one percent compared with May, and down 2.4 percent year-over-year, according to CoreLogic’s monthly report on distressed …
Read More »Foreclosures continue to drop
he U.S. foreclosure inventory fell 27.9 percent year-over-year in July, while the number of completed foreclosures dropped 24.4 percent during that time, according to data released today. Foreclosures went from 50,000 in July 2014 to 38,000 in July of this year, another sign that the national housing market is on …
Read More »