State home prices rise in December - 2005-01-21
Home sales in California finished 2004 on a high note, as buyers continued to seize on low interest rates to buy up homes, helping to drive prices to record levels, a real estate analyst said.
While some signs of a cool-down emerged in the market toward the end of the year, particularly in areas like Orange County, which saw sales slow as median home prices blew past the half-million-dollar mark, mortgage interest rates remain at historic lows and demand for housing still outstrips supply.
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