California Housing Market, Sellers Gain Home Values
By Janki (Hetal) Patel, Team Leader & CEO for The Janki Patel Team
(Legacy Real Estate and Associates)
California Housing Market Show an Increase in Home Values Home Prices in California housing market have been showing an increase year-over-year gains for the past year and a half as of the end of 2013. According to the California Association of REALTORS® (C.A.R.), the statewide median price of existing single-family homes has increased by more than 10% on a year-to-year basis for 18 consecutive months, and the annual median price for 2013 jumped 27.5% from 2012. California home sellers remain confident about purchasing another home as general economic conditions continue to improve. Results from the C.A.R. 2013 Survey of Home Sellers show that more than 69% of home sellers in 2013 purchased a home after selling their previous residence. That’s a significant jump from 2012, when less th...
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