Southern California home sales plunge 20% in December to the lowest pace in 11 years
January 30, 2019 at 14:30 PM EST
The housing pain persists in Southern California, as higher costs weigh heavily on potential buyers. Home sales in the region fell 20.3 percent year over year in December, according to CoreLogic. That is the lowest December sales pace since 2007. From November to December, sales of new and existing houses and condominiums in the area dropped 8.2 percent.
