CAR on California: "Low interest rates boost California housing market"

The CAR reported: Low interest rates boost California housing market as median home price sets another record, 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. Fueled by mortgage interest rates at near-three-year lows, California's housing market recorded a second consecutive year-over-year sales increase while the median home price reached a new high, the CALIFORNIA ASSOCIATION OF......(read more)

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