October Home Sales Fall as Rise in Mortgage Interest Rates Impact Housing Market

Truckee, Calif.– October 2013 California single-family gained 2.3 percent from September but were down 10.9 percent from a year ago. A 54.0 percent year-over-year drop in distressed property sales drove the annual decline in October sales. “For the third consecutive month, October sales posted year-over-year declines”, said Madeline Schnapp, Director of Economic Research for PropertyRadar.  […]