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Article: ``Three-Peat'' in 2004: California Housing Market Eclipses Record-Setting Performances of Previous Two Years.
- Article from:
- Business Wire
- Article date:
- January 24, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LOS ANGELES -- Low Interest Rates, Demographic Trends Continue to Fuel Real Estate Market, but Proportion of First-Time Buyers Falls to Record Low
2004 marked a continuation of the record-breaking performance of the California housing market that began in the late 1990s, according to the California Association of REALTORS(R) (C.A.R.) "2004 - 2005 State of the Housing Market" report, released today. Home sales and the median home price reached record high levels in 2004, while supply conditions and the share of first-time buyers in the California housing market fell to historic lows. The record-setting performance in 2004 eclipsed that of the previous year for the ...