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Economy
Southern California home sales crash, a warning sign to the nation
2018-07-26
[CNBC]
  • Sales of both new and existing houses and condominiums dropped 11.8 percent year over year, as prices shot up to a record high, according to CoreLogic.

  • The median price paid for all Southern California homes sold in June was a record $536,250, according to CoreLogic, a 7.3 percent increase compared to June of 2017.

  • In the past, California, one of the largest housing markets in the nation, has been a predictor for the rest of the country.


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