Outstanding June Sales nudge California Closer to Normalcy

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Posted To: MND NewsWire

The drought and raging wildfires appear not to be dampening the enthusiasm of people who wish to live in California. CoreLogic reports that the state had the highest number of home sales in nine years in June and that sales jumped more from May to June than in any month in nearly three years. Andrew LePage, writing in the CoreLogic Insights blog says home sales, both new and existing, totaled 46,095 in June, a 10.8 percent increase from May and up 16.8 percent from June 2014. The last time June sales were higher was in June 2006 when 59,018 homes sold. June 2015 bested sales in every month since September 2006 when 46,464 transactions closed. In past years, CoreLogic's records go back to 1988, the May to June increase has averaged about 5 percent, roughly half the month-over-month gain this...(read more)

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Source: http://www.mortgagenewsdaily.com/08102015_california_real_estate_sales.asp

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