Jun
28
2009
C.A.R. Reports May Home Sales Increased 35.2%, Median Home Price Declined
Posted by in Mortgage Loan News, tags: Affordability, Association Of Realtors, California Association Of Realtors, Excerpt, Existing Home, First Time Buyers, June 29, Liptak, Median Home Price, Median Price, News Sources, President James, Record Sales, Single FamilyNews Sources wrote an interesting post today on
Here’s a quick excerpt
RISMEDIA, June 29, 2009-Home sales increased 35.2% in May in California compared with the same period a year ago, while the median price of an existing home declined 30.4%, the California Association of Realtors® (C.A.R.) reported today. “With affordability for first-time buyers at a record high, sales of existing, single-family homes continued to remain above the 500,000 level for the ninth consecutive month,” said C.A.R. President James Liptak. “Buyers are beginning to realize that the combi
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