Southern California home sales plunged in November from a year earlier, while prices increased at the slowest pace in three years amid a housing market slowdown, reported Los Angeles Times. The 12% decline in November sales from a year earlier was the fourth consecutive monthly drop for the eight southern counties, including Imperial, Los Angeles, Orange, Riverside, San Bernardino, San Diego, Santa Barbara, and Ventura.
A batch of boomers missed an opportunity to sell high and run off to Arizona.
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