CAR on California October Housing: Sales up 20% YoY, Active Listings down 40%+ YoY

The CAR reported: California homebuying season extends into fall as home sales and prices remain elevated in October, C.A.R. reports Continued record low mortgage interest rates sustained California's housing market in October as home sales and prices took a breather from September's record high levels and still recorded double-digit increases from a year ago, 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 484,510 units in October, according to information ......(read more)

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