Tag Archives: Real Estate

Sales of distressed homes are continuing to drop. Distressed sales – meaning properties owned by bank or some other financial institution or those sold below market value – were down 2.8 percent in May compared with May 2014, according to data released Thursday by CoreLogic in Irvine. Month-over-month, distressed sales …

San Bernardino’s largest hotel has a new name. The Hotel San Bernardino is now the DoubleTree by Hilton and has undergone a $10 million renovation that was completed last month, according to the property’s owner, DKN Hotels in Irvine. Those improvements include “top to bottom” renovations of guest rooms, meeting …

The cost of a single-family home just keeps climbing. Home prices increased 6.5 percent nationwide in June, the 40th consecutive month of year-over-year increases, according to CoreLogic, a global property information and analytics company in Irvine. Month-over-month, the increase was 1.7 percent Both of those figures included distressed properties, meaning …

Pending home sales nationwide slipped during June, breaking a streak of five months of increases. The Pending Home Sales Index was 110.3 in June, down 1.8 percent from May but still 8.2 percent above June 2014, according to data released Wednesday by the National Association of Realtors in Chicago. Despite …

A Class A apartment community in Temecula has been sold. The Vineyards at Paseo Del Sol, a 288-unit complex at 31901 Campanula Way, sold for nearly $70 million to The Praedium Group, a real estate investment group based in New York, according to a statement. CBRE Capital Markets represented The …

U.S. home prices climbed steadily in May, bolstered by an increase in sales throughout the country. Prices rose nearly five percent year-over-year during May, according to the Standard & Poor’s/Case-Shiller 20-city home price index, which was released Tuesday by S&P Dow Jones Indices. The data called first-time homebuyers “the weak …