California Home Sales Surge; Driven by Foreclosures
January 19, 2009 by

California home sales are up 51% in December from last year as home prices have been driven lower by steady foreclosure activity (MDA DataQuick). 19,926 homes (single family detached and condominiums) sold last month in Los Angeles, San Diego , Riverside, San Bernadino and Orange County – that is up from 13,240 a year ago. [...]