Equity home sales post higher in September

The share of equity home sales in California continued to grow in September, now making up more than eight of every 10 home sales, the highest level in nearly six years. Meanwhile, the share of short sales fell into the single digits and dropped to levels not seen since January 2009, C.A.R. reported this week.

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Home Prices Rising at Fastest Pace Since Start of Bubble

During the first seven months of 2013, home prices rose faster than any year since 2004, which is the year that marked the beginning of the home-price bubble. When examining the results of the S&P/Case-Shiller home price index for 20 major metro areas, the index had its largest June-to-July increase in the 14-year history of the 20-city index, as prices rose by 1.8% from June.

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