Industry News

California home sales slide 23% in July

Unsold inventory surges to 10.7-month supply
Published on Aug 27, 2007

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by CareyBot

Sales of single-family resale homes dropped 22.7 percent in July 2007 compared to the sales pace for that month last year, and liquidity problems in the mortgage market will likely continue to pull down sales, the California Association of Realtors ...