October Housing Prices Edge Up as Sales Slow
Though the housing market is displaying some signs of health, economists say they could be misleading.
Home prices in Los Angeles County edged up in October, while sales volume continued a slow downward drift after sizzling through the summer. The increasing prices represented the continuation of a trend that started in May after a slide of almost two years.
The median price of a home was $340,000, up $5,000 from the month before, according to data supplied to the Business Journal by HomeData of Hicksville, N.Y. Adjusting for the difference in the number of selling days per month, sales volume dipped slightly – about 1.2 percent – representing the second monthly decline in a row.
October Housing Prices Edge Up as Sales Slow
Housing Markets: Baltimore vs Washington
Fannie Mae Huge Loss Continue, Seeks More Federal Government Bailout
© relistr.com privacy policy