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February 28, 2008

California Housing Stats

January housing statistics for the state of California were recently released by the California Association of Realtors (CAR).

During January, California existing single-family home sales declined by 30% from one year earlier and prices fell by 22% (except an area close to a major metro station).

Results for the month continue a deteriorating trend since the credit crunch began in August 2007.

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