Southern California Home Sales Rise on Investor Purchases
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Southern California home sales jumped 8.4 percent last month from a year earlier as a record number of investors made purchases, according to DataQuick.
House and condominium transactions totaled 15,573 in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties, up 7.2 percent from January, the San Diego-based data firm said today in a statement. Last month’s sales were the highest for a February in five years.