Southern California House Prices Jump 7.5% in November

Southern California house prices jumped 7.5% in the 12 months ending in November, the biggest gain in the state, an industry group reported.

Sales gains also led the state, with existing single-family home transactions rising 4.6% last month from the November 2018 tally, the California Association of Realtors' analysis of multiple listing service data showed.

The gains marked the third straight month of a market rebound in the region after a year-long mortgage-rate nosedive finally caught the attention of home shoppers.

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