Click Here

REALTORŪ Magazine Online: The real estate professional's business support tool.

OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Daily Real Estate News  |  September 19, 2008  |   California: Home Sales Rise, Prices Fall
California Home sales rose 13.6 percent in August, according to MDA DataQuick.

Nearly 47 percent of all homes sold in California last month were foreclosed properties, pushing the median home price down 35.3 percent to $301,000 compared to August 2007.

Sales were restrained by difficulty obtaining loans for the region's high-priced homes, MDA DataQuick president John Walsh said.

"Mortgage availability will eventually loosen up, we just don't know when,” Walsh said.

Source: The Associated Press (09/18/08)

Browse all of today's news
E-mail this page to a friend
Give us feedback

Search news
Launch my search
 
Subscribe to news
Subscribe to News
Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns.

RSS Feed
Get the Daily Real Estate News delivered straight to your desktop or news aggregator. (New to RSS? Learn the basics here.)
 
 
SHARE YOUR INSIGHTS
How did you sell it?
Tell us how you overcame hurdles to sell a challenging or very unique listing!