By Sales of homes in California increases from a year ago
California home sales were up last month from a year ago.
The Associated Press reports that last month’s sales of new and preowned homes increased 13.6 percent from August 2007. Nearly half of the homes sold last month, 46.9 percent, were foreclosed properties, the wire service said MDA DataQuick reported this week.
Overall, 37,988 new and preowned homes were sold in August, MDA DataQuick said.
Meanwhile, Housing and Urban Development Secretary Steven Preston says in a story in the Christian Science Monitor that it will probably be the middle of next year or well into next year before “we begin to see more consistency in buyers coming back into the marketplace.”
He cautioned, however, that it will be “some time” before recovery comes to certain areas of California, Nevada, Arizona and Florida, the newspaper reported.
See Also
- Intero Real Estate Services- Find Real Estate, Property For Sale, Homes For Sale
Intero Real Estate Service is one of the premier real estate brokerages, with offices in Arizona, California, Colorado, Florida, Hawaii, Nevada and Texas. - Homes and Communities – U.S. Department of Housing and Urban Development (HUD)
HUD is the nation’s housing agency committed to increasing homeownership; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. - MDA DataQuick
MDA DataQuick monitors real estate activity and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts.
