CAR on California Housing: Low Rates "Bolster" Sales in September

The CAR reported: Greater buying power amid historically low rates bolsters September home sales, C.A.R. reports Amid the most favorable mortgage interest rates in nearly three years, California's housing market recorded a third consecutive year-over-year sales increase as month-over-month sales remained essentially flat, 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 404,030 units in September, according to information collected by C.A.R. from more than......(read more)

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