CAR on California: "California home sales perk up in July"

The CAR reported: California home sales perk up in July for first time in more than a year, C.A.R. reports The lowest mortgage interest rates in nearly three years helped jump start California's housing market to post the first year-over-year sales gain and highest sales level in 15 months, 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 411,630 units in July , according to information collected by C.A.R. from more than 90 local REALTOR® associations and......(read more)

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