California August 2016 Home Sales Report

August 2016 breakdown – California sales were down, median prices up = TIGHT SUPPLY!  Anyone searching for a new home or searching for a rental keeps hearing this tune over and over; inventories are low.  Additionally frustrating purchases might have also been talk of an increase in interest rates by the Fed in the Fall.  We have continued to purchase homes at a steady pace but nowhere near our peak three years ago.

august

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