California’s housing market improved slightly in February, the result of slight improvements in mortgage rates and affordability. Sales of existing single-family homes totaled 274,820 last month, up seven percent from January but down 0.3 percent year-over-year, according to the California Association of Realtors. Statewide, the median price of a single-family …
Read More »Perris retail property sold
A 12,500-square-foot retail pad in Perris has been sold for $8.2 million. The property at 1820 N. Perris Blvd. is fully occupied by multiple tenants, including Baskin Robbins, Fiesta Auto Insurance, Great Clips, Pacific Dental, Sally Beauty, and Verizon, according to Hanley Investment Group in Corona Del Mar. Information about …
Read More »Murrieta properties change hands
Two retails pads in Murrieta that combined cover 17,100 square feet have been sold for $8.1 million. The properties include a McDonald’s with a double drive‑thru and a fully-leased building with six tenants: Berkshire Hathaway, Heavenly Hair, The Liquid Leaf, Club Pilates, Ohana Hawaiian Grill, and Baskin-Robbins, according to Hanley …
Read More »Existing home sales up slightly
Sales of existing homes increased 1.7 percent nationwide between January and February, with transactions up in the Midwest, south and west but down in the northeast, according to data released March 10. Year-over-year, sales were down 1.4 percent, while the price of an existing home rose only 0.3 percent between …
Read More »Murrieta retail site change hands
Two retail pads in Murrieta have been sold for $6.9 million. One of the parcels at California Oaks Road and Jackson Avenue is occupied by a Quick Quack Car Wash, the other is the future home of a Popeyes Louisiana Kitchen, according to Hanley Investment Group in Corona Del Mar. …
Read More »Homeowners are keeping their homes longer: report
U.S. homeowner is staying put longer than they once did. The typical U.S. homeowner today stays in their home for 12 years, the longest period since 2022, according Redfin. Homeowner tenure peaked at 13.4 years in 2020, but declined gradually during the next three years because of the increase in …
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IE Business Daily Business news for the Inland Empire.