For release:
February 21, 2013
February 21, 2013
Continued shortage of homes
on the market and seasonal
slowdown send California
home sales and prices lower
in January, C.A.R. reports
LOS ANGELES (Feb. 21) – A typical
seasonal slowdown, combined with
a scarcity of available homes for sale
put a damper on the California housing
market in January, with both home sales
and median price declining from December,
the CALIFORNIA ASSOCIATION OF
REALTORS® (C.A.R.) reported.
“A rush by home buyers trying to complete
sales of higher-priced homes by the end of
last year in order to avoid capital gains
increases pulled forward sales that might
have closed in January instead,” said C.A.R.
President Don Faught. “Additionally, the
extreme shortage of homes for sale continues
to hinder California’s housing market, as
demonstrated by the nearly two months’-supply
drop compared with last year.”
Web Source:
http://www.car.org/newsstand/newsreleases/2013releases/jansales#
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