California pending home sales register higher in August but affordability and supply constraints remain concerns

An increase in pending sales across all major regions buoyed statewide California pending home sales in August from a year ago, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Uncertainty about market conditions was reflected in C.A.R.’s August Market Pulse Survey,** with most leading indicators showing a decline in growth and REALTORS® becoming less optimistic about market expectations and more concerned with reduced affordability


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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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