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California Real Estate Continues Its Upward Climb

The single-family real estate market in California continues its upward march, partly motivated by a concern that interest rates will be increasing.

According to PropertyRadar, sales of California single-family homes increased strongly in June by 8.5% over May. More noteworthy still was a stunning increase of 16.4% over June of last year.

A major component of the increase was the sale of non-distressed properties, a sector that increased 19.9% from June of last year.