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California housing market expected to improve in 2013; Lack of inventory to hamper sales

Posted on 05 October 2012

According to the California Association of Realtor’s “2013 California Housing Market Forecast,” released this week, California’s housing market will continue to recover in 2013, as home sales are forecast to increase for the third consecutive year and the median price to rise for the second straight year.
The C.A.R. forecast sees sales gaining 1.3 percent next year to reach 530,000 units, up from the projected 2012 sales figure of 523,300 homes sold. Sales in 2012 will be up 5.1 percent from the 497,900 existing, single-family homes sold in 2011……………………………………….Full Article: Source


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