California Existing Homes in January: "Home sales fall to lowest level in more than 10 years"

The CAR reported: California home sales fall to lowest level in more than 10 years, C.A.R. reports Housing demand in California remained subdued for the ninth consecutive month in January as economic and market uncertainties sent home sales to their lowest level since April 2008 , the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 357,730 units in January , according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs......(read more)

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