Good Golden State Housing News

Here is an article from Bloomberg on housing price increases in California.  Prices were up 1.6% from a year ago, the first year-over-year increase in sixteen months.  The sales were up 9.2% from the previous month, the largest monthly increase since 2004.  While a 9% month-to-month increase was likely an anomaly, the metrics are positive, with supply down to 4.1 months (7 months is normal) and days-to-sale dropping to 53 days from 57 days.