Monday, January 27, 2014 - Article by: Prospect Financial Group, Inc. -
The California Association of Realtors (C.A.R.) reported that in 2013 California Home sales were down by 5.9 percent from 2012 home sales. November home sales also fell in comparison to the number of home sales that took place both a month earlier and a year earlier.
According to C.A.R., the decrease in the number of home sales that have recently taken place is due partially to the rising home prices, increasing mortgage rates and slim property inventory.
From November 2013 to December 2013, home sales fell by 6.7 percent from 387,860 to 361,890 units. From December 2012 to December 2013, home sales fell by 18.6 percent from the 444,770 units that were sold in December 2012.
If you are in the market to purchase a new home in California, Prospect Financial Group,Inc. has a variety of affordable finance options available for you. Give our loan experts a call today at 858-605-0952 to explore your options.
Didn't find the answer you wanted? Ask one of your own.