Existing home sales in the state had declined by an average rate of 9.5 percent per year between 2006 and 2010. The improved pace of sales is even more encouraging when one remembers that 2011 marked the first year since 2008 that the market stood on its own without government incentives designed to boost sales.
“The inventory is certainly low and buyers may not find what they are really looking. In the past 45 days, there has been a substantial increase in home sales throughout the Bay Area that are the.
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Southern California home buying picked up last month compared with September but fell short of a year earlier as sales in inventory-starved, lower-cost markets continued to lag far behind 2012 levels. For the fourth month in a row the region’s median sale price more or less moved sideways, though.
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