Builders’ confidence in the single-family home market was essentially unchanged this month, rising only one point. Still, the 61 ranking is the highest reading since November 2005, according to data released Monday by the National Association of Home Builders, a trade association in Washington, D.C. Builder confidence is on a …
Read More »Vacant SB office building gets tenants
An office building vacated earlier this year by San Bernardino County will soon be used by Early Head Start and a charter school. The building at 799 E. Rialto Ave. covers 23,500 square feet and will be fully occupied after its new tenants move in, said Rick Lazar, senior vice …
Read More »Prime retail property up for sale
Part of the Temecula Town Center is up for sale. Nearly 242,000 square feet of the 491,700-square-foot retail development is up for auction, with all bids to submitted by next Monday, said Michele Schierberl, senior vice president with Colliers International Irvine. The property, which was foreclosed on two years ago, …
Read More »State housing affordability slips
Buying a house in California is becoming more difficult. Thirty percent of the state’s households could afford to purchase a median-priced home of $485,100 during the second quarter of this year, down four percentage points from the first quarter, according to data released Tuesday by the California Association of Realtors. …
Read More »FHA Loans California | Separating Myths from Facts
As most people know, the housing boom and subsequent crash of the past decade resulted in mortgage lending guidelines being tightened across the country. Because they are mortgage loans backed by the federal government, FHA loans were an especially big target of this effort. Most good lenders would agree that …
Read More »Report: state commercial development best it’s been in years
Commercial construction in California is as strong now as it’s been since 2001,a report released Wednesday stated. Several factors, including available financing and a shortage of multi-family housing, will likely fuel more commercial property development for three more years, according to the Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate …
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