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« How the WSJ sees the problem... | Main | A really nice place for under 800k » May 19, 2008LA is en fuegoSo. California April home sales surge on low prices...
SAN FRANCISCO, May 19 (Reuters) - The housing market in Southern California roared back to life with a record one-month sales increase for April as a glut of foreclosed homes lured bargain-hunters, according to a private report on Monday. Sales in the region jumped 21.9 percent in April to the highest level in eight months and rebounded from March, which was the worst month for sales since DataQuick Information Systems Inc started compiling its information in 1988. Sales on average rise around 1 percent in April from March, according to DataQuick. Sales were strongest for homes priced less than $500,000 in inland areas hardest hit by crashing prices and record foreclosures, the real estate information service's report said. click here for the complete story... Posted by Jeff Brooks on May 19, 2008 10:32 PM | Permalink TrackBackTrackBack URL for this entry: |
