Mortgage delinquencies and foreclosure rates remained near record lows in June, according to data released Tuesday. Later-stage delinquencies fell by 60 percent year-over-year, with only a small increase in foreclosures, CoreLogic reported. Two point nine percent of all U.S. mortgages were in some state of delinquency in June – 30 …
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Home equity in the United States increased 27.8 percent year-over-year during the second quarter, according to data released Friday. That figure applies exclusively to properties with mortgages, which is approximately 63 percent of all single-family homes nationwide, Irvine-based CoreLogic reported. Collectively, those properties accumulated $3.6 trillion in equity during April, …
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U.S. home prices grew 15.8 percent in July, a solid number but the third consecutive month that single-family home prices have declined year-over-year, according to data released today. Home prices fell by 0.3 percent between June and July, a trend that never happened between 2010 and 2019, when prices between those …
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A retail building in Moreno Valley has been sold for $2.8 million. The 13,000-square-foot structure at Towngate Promenade was purchased by a private investor whose name was not released, according to Progressive Real Estate Partners in Rancho Cucamonga. Progressive represented the seller, Gateway Property L.C. The buyer plans to convert …
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The Irvine-based developer set to develop Eastvale’s downtown has acquired the land that will be home to the that project’s first phase. The New Home Company assumed ownership of 495,000 acres formerly known as The Leal Ranch Property when escrow closed recently, according to a statement on Eastvale’s website. Ultimately, …
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A cluster of three industrial buildings in Chino, all fully occupied, have been sold. Clarion Partners Real Estate Income Fund Inc., a real estate investment management company in New York, bought all three structures recently for an undisclosed sum, according to a statement released today. The dealer’s name and the …
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IE Business Daily Business news for the Inland Empire.
