California home sales fall
August home sales in California slipped 1.9% from July, while still improving 3.1% from a year earlier, according to data from research firm DataQuick.
The Mortgage Bankers Association elaborated on the report Tuesday:
DataQuick said 42,546 new and resale houses and condos sold in California in August, down from a revised 43,381 in July but up from 41,280 sales a year ago. The sales count was the highest for any August since 51,054 homes sold in August 2006. August sales have varied from a low of 29,764 in 1992 to a high of 73,285 in 2005. Last month's sales were 11.1 percent below the average of 47,849 sales for all the months of August since 1988, when DataQuick's statistics begin.