Pending home sales fell 1.5 percent nationwide during the week that ended May 24, the second straight week of decline after four consecutive week of increases. Mortgage-purchase applications fell to their lowest level since early April, the result of higher mortgage rates keeping a lot of would-be homebuyers on the …
Read More »Inland nonprofit to help build affordable housing near Sand Diego
National CORE has broken ground on an apartment complex in Oceanside for seniors. The Rancho Cucamonga-based developer of affordable housing, and the San Diego Community Housing Corp. will build Coast Vilas near Oceanside Municipal Pier, according a statement on National Core’s website. The 56-unit project will be available to individuals …
Read More »Walmart buys Riverside cold-storage operation
Walmart Realty has purchased a cold-storage facility in Riverside. A subsidiary of Walmart Inc, Walmart Realty paid $223 million for the 507,000-square operation at 1001 Columbia Ave., according to a statement. The seller was State Street Corp., a U.S. multinational financial services and bank holding company based in Boston. Walmart …
Read More »Riverside apartment complex changes hands
A 184-unit multifamily development in Riverside has been sold. PCCP, a national real estate finance and investment management firm, and Alliance Residential Co., a rental residential real estate developer based in Scottsdale, Az., bought the property at 9179 Indiana Ave. for $65.3 million, according to a statement released by both …
Read More »All-cash home purchases drop
Twenty eight point eight percent of all U.S. homebuyers in March paid cash, down one percent year-over-year, according to a report. That was also the lowest percentage of cash purchases during the third month of the year since 2021, when that number was also 28.8 percent, Seattle-based Redfin reported. All-cash …
Read More »Pending home sales drop
Pending home sales fell 1.1 percent week-over-week as of May 17, the first nationwide decline since early April. Mortgage-purchase applications declined four percent during that time, a drop attributed to an increase in interest rates, according to Redfin, a Seattle-base real estate company that operates a popular real estate brokerage …
Read More »
IE Business Daily Business news for the Inland Empire.