Tuesday, May 31, 2005

Another real estate record broken in California in April!

The California Association of Realtors (CAR) reports that for the first time, the average price of a home in California exceeds $500,000.

CAR states "The median price of an existing home in California in April increased 12.5 percent and sales increased 2.7 percent compared with the same period a year ago."

Once again, the economic law of supply and demand has pushed prices to new highs!

To read more, go here.

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