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California Housing On The Rebound

The California housing market is rebounding from a slump following the September eleventh terrorist attacks.

The California Association of Realtors says sales of

single family homes have increased 4.1 percent since September. Low mortgage rates are credited with much of the rise.

The trade group says the median price of a home dropped one

percent during the month, but over the past year has shown an 8.5 percent increase statewide to 272,570 dollars.