Seven point one percent of U.S. mortgages were in some state of delinquency – 30 days or more past due, including foreclosures – in June, according to data released Tuesday. That was a 3.1 percent increase compared with June 2019, when that number was four percent, Irvine-based CoreLogic reported in …
Read More »Home prices continue to increase
U.S. home prices increased 5.5 percent in July compared with July 2019, according to data released Tuesday. That was the fastest growth in prices in nearly two years, caused by strong purchase demand, lower mortgage rates, and a further drop in the number of houses for sale, CoreLogic reported. Because …
Read More »Grill distributor leases industrial space in Riverside
A company that sells and distributes outdoor grills and grilling accessories has leased 65,000 square feet of industrial space in Riverside. Royal Gourmet Corp. of Peachtree Corners, Ga. expects to move into the space at Hunter Highland Corporate Center this September, according to a statement. The 211,160-square-foot building is at …
Read More »State housing market perks up
Closed escrow sales of existing single-family homes reached an annualized rate of 437,890 units in July the California Association of Realtors reported this week. That figure, which includes seasonal factors that influence home sales, “represents what would be the total number of homes sold during 2020 if sales maintained the …
Read More »Industrial building construction underway in Rancho Cucamonga
A Rancho Cucamonga construction company will build a 63,000-square-foot industrial building in that city. The structure will be located on a now-empty parcel on Fourth Street near Haven Avenue, according to a statement released recently by The Alliance Group Commercial Construction. Grading is underway, and construction is expected to be …
Read More »State housing affordability slips
Thirty-three percent of California households could afford to purchase the $610,850 median-priced home in the second quarter, down from 35 percent in first quarter 2020 but up five percent from one year earlier. Forty-four percent of home buyers were able to purchase the $480,000 median-priced condominium or townhome, according to …
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