From the Wall Street Journal.
By CARI TUNA
The California housing market is showing more signs of stabilization—at least for now—as sales of bank-owned and bargain-basement homes in inland areas partially give way to sales of costlier homes toward the coast, according to a new report.
California's median home price rose 11.2% in February from February 2009, although home sales in the state slipped for the second consecutive month compared with a year earlier, according to a report released Thursday by MDA DataQuick, a La Jolla, Calif., housing-data provider.
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http://online.wsj.com/article/SB10001424052748704207504575130020202083044.html?mod=djemRealEstate_h
www.marketface.net
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