California pending home sales down after robust March; tight housing supply persists

LOS ANGELES, CA – May 21, 2012 – (RealEstateRama) — After posting a strong performance in March, California pending home sales slipped in April, but were higher than a year earlier for the twelfth consecutive month, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today. Additionally, the share of equity sales posted its highest level in nearly four years.