Higher interest rates, economic uncertainty cool California home sales and prices in September

LOS ANGELES – October 18, 2013 – (RealEstateRama) — California home sales declined for the second straight month in September, following rising interest rates and economic uncertainty, which put the demand for housing on hold for buyers. Meanwhile, housing supply conditions continued to loosen up as the housing market entered its off season, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported.


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Leading the way...® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) is one of the largest state trade organizations in the United States, with nearly 155,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

Contact:

Los Angeles - Executive Office:
525 South Virgil Avenue
Los Angeles, CA 90020-1403
Phone: (213) 739-8200
Fax: (213) 480-7724

Media:

Mark Giberson
Phone: (213) 739-8304.

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