Plunging prices attracted buyers into the Southern California housing market in October in the highest numbers in months, MDA DataQuick reported yesterday.
The 21,913 sales last month were up 66.7 percent from a year earlier, when subprime mortgages began failing and lender credit evaporated.
The overall median price in the six-county region was $300,000, down 32.6 percent from a year earlier, a reflection of the greater share of low-priced, previously foreclosed home sales dominating the market.
Read More: http://www3.signonsandiego.com/stories/2008/nov/19/1b19housing62047-price-drop-spurs-run-housing-regi/?zIndex=14117
