Pending home sales in California soared in July compared to the previous year, posting the strongest year-over-year increase in more than six years, an industry trade group reported Monday.
A research firm says California home sales surged last month on a strong economy and low interest rates as prices reached fresh 7-year highs.
California home sales are continuing to rise and so are prices, especially in the San Francisco Bay Area, thanks to job growth and low mortgage rates and despite tight supply.
California home prices climbed to a new 7 1/2-year high in April as low interest rates and job growth lured buyers, a research firm said Thursday. Sales were brisk.
California home prices rose slightly in February from the previous month, while low inventories kept a lid on sales, a research firm said Thursday.
Southern California homes sales posted a fifth straight annual decline in February as tight inventories kept buyers on the sidelines, a research firm said Wednesday.
The median sale price has risen on a year-over-year basis for 22 consecutive months.
Southern California home prices reached a 70-month high in December as sales fell and buyers competed for scant inventories, a research firm said Tuesday.
Southern California home sales fell in November as investors showed less interest and the supply of properties for sale remained thin compared to last year, a research firm said Monday. Prices held steady from October.
California posted its strongest homes sales for any August in seven years as price increases cooled, a research firm said Friday, a relief to buyers who have been competing over slim pickings.
Housing sales are booming in California as pent-up demand finds increased supply.
Southern California’s recovering housing market remains red-hot, with sales hitting an eight-year high for July.
Southern California’s surging housing market stumbled last month with home sales falling as strapped homeowners refused to sell, fewer investors bought and the median sales price rose to $385,000.
Home sales in Los Angeles County jumped nearly 12 percent in June compared to a year ago, while prices rose by more than 2 percent, according to real estate firm DataQuick.
More people are buying homes as compared to a year ago, with a 25.3 percent jump in L.A. County properties, according to a real estate research group.