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California Home Sales Increase
February 15th, 2011 2:33 PM

California home sales increased for the third straight month in January to their highest level since May 2010, according to a report released today by the California Association of Realtors.

“More distressed properties are coming on to the market, which led to an uptick in sales of distressed properties during January,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young, in a release.

“We expect this trend to continue as banks expedite the disposition of these properties,” she added.

Interest rates are still at historical lows and this is a good time to buy.  You will be surprised at how low a payment can be and in some cases it can be even lower than a rent payment.  Talk to a Realtor today!

Posted in:General
Posted by Teresa Molina on February 15th, 2011 2:33 PMPost a Comment

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