Southern California home sales and prices look sunnier in July : Lower interest rates, softening prices and more inventory push median up 1.9%
In a reprieve for Southern California's sluggish housing market, home sales rose in July from a year earlier. It was the first sales increase in 12 months.
The six-county median price -- the point at which half the homes sold for more and half for less -- climbed 1.9% in July from a year earlier to reach $540,000.
CoreLogic, which released the data Wednesday, attributed the 3.7% sales gain to a variety of factors, including falling mortgage rates, moderating prices and a rise in inve...