Tuesday, July 17, 2007

Southern California homes sales at 14-year low

(Reuters) - The region's home sales have been declining from
year-earlier levels since October 2005, raising concerns that
the downward trend could cause the broad California economy to
suffer.




The median price paid last month for a home in the region
was $502,000, down 0.6 percent from May but up 2.4 percent from
a year earlier, according to DataQuick, a La Jolla,
California-based real estate information service.


Read more at Reuters.com Economic News

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