C.A.R. announces 2012 Annual Housing Market Survey results

LOS ANGELES, CA – November 1, 2012 – (RealEstateRama) — Favorable home prices and record-low interest rates combined with high demand and a severe shortage of available housing have created a highly competitive housing market in California, with nearly six in ten home sales receiving multiple offers, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2012 Annual Housing Market Survey.”