The trend of increased sales volume but still lower prices continued in the Bay Area in January. This is counter-intuitive: usually price follows volume so prices should be showing more signs of stabilization. The fact that the median price is still falling illustrates that the increase in volume continues to be with the least-expensive, distressed [...]

Despite some rosy spin from CAR, California existing home sales finished the year with a whimper. December showed slight improvement from November, but volume was anemic and prices fell 6.2 percent from December 2012. CAR reports: LOS ANGELES (Jan. 17) – California home sales rose for the third consecutive month in December, marking the highest [...]