December Pending Home Sales Index

    -

    LOS ANGELES, CA – January 24, 2013 – (RealEstateRama) — Seasonal factors, combined with low housing inventory, particularly a lack of real estate-owned homes (REOs), drove California pending home sales lower in December, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today. However, the share of distressed properties increased in December, as lenders pushed to close short sales and move them off their balance sheets.

    Previous articleDCM HOSPITALITY SELECTED BY MONTECITO BEACH VILLAGE TO OFFER ELEGANT LIVING IN HUATULCO, MEXICO
    Next articleAttorney General Pam Bondi to Host Press Event to Discuss $60 Million in Assistance for Floridians