U.S home prices grew 11.4 percent in September compared with exactly one year earlier, the fifth straight month of year-over-year growth, according to data released Tuesday. Most of that growth, which includes properties in some state of foreclosure, happened in the southeast United States, Irvine-based CoreLogic reported. Month-over-month sales increased …
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Higher mortgages caused by rising interest rates helped slow California home sales in September, according to data released Tuesday. Sales of existing single-family homes totaled 305,680 last month, down 2.5 percent from August and 30.2 percent year-over-year, the Los Angeles-based California Realtors Association reported. The sales data, collected from more …
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California’s existing single-family home sales are expected to drop 7.2 percent in 2023, according to a study released last week. Sales will drop from 359,220 projected units this year to 333,450 units next year, the result of a “modest” recession brought on by “stubborn” inflation, the California Association of Realtors …
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Construction has begun on a neighborhood retail center in Adelanto. Adelanto Towne Center’s first phase will be two buildings, that combined cover 10,000 square feet, according to Lewis Retail Retail Centers in Upland, the project’s developer. Poppy Express Wash and Poppy Fuel will occupy both buildings which are expected to …
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Rancho Cucamonga and the San Bernardino County Transportation Authority have approved the sale of property, owned by both entities, that will be home to the Inland Empire’s first high-speed rail station. Brightline West, a privately owned intercity rail service in Miami, will develop Cucamonga Station on the five-acre site at …
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Growth in U.S. home prices slowed to 13.5 percent in August, the fourth consecutive month that year-over-year price growth has declined, according to data released last week. Although home prices have recorded annual gains for 127 consecutive months, that was the lowest year-over-year increase since April 2021, Irvine-based CoreLogic reported …
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IE Business Daily Business news for the Inland Empire.
