California Home Sales in August Uptick 8.6%, Median Price Now Highest in 2011

According to the California Association of Realtors (CAR), California home sales posted an increase from both the previous month and previous year in August, while the median home price rose to its highest level this year. Closed escrow sales of existing, single-family detached homes
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New Home Sales in U.S. Remain Relatively Flat in July

According to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), sales of new single-family houses in July 2011 were at a seasonally adjusted annual rate of 298,000. This is 0.7 percent (±12.9%) below the revised June rate of 300,000, but is 6.8 percent (
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