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Southern California home sales see seasonal rise

January 18, 2012 • Business


New homes are under construction in a development in Carlsbad, Calif. Tuesday, Jan. 17, 2012. Home sales in Southern California jumped 14 percent in December over the previous month — a usual seasonal jump — but the sales price bottomed out as investors concentrated on cheaper homes, a real estate firm reported Tuesday. (AP Photo/Lenny Ignelzi)

SAN DIEGO (AP) — Home sales in Southern California jumped 14 percent in December over the previous month — a usual seasonal jump — but the sales price bottomed out as investors concentrated on cheaper homes, a real estate firm reported Tuesday.

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