Loans4Less.com, Inc. (LFLS) Ready for California’s Changing Housing Market
The median home price in California in May notched the biggest year-over-year increase in 30 years, up 31.9 percent to $417,350 from $316,460, according to the California Association of Realtors (CAR). The last time the sunshine state’s median home price increased with similar momentum was in February of 1980 when prices soared 29.1 percent to $94,489 from $75,520 in February the year prior. Likely catalysts for last month’s increase are fewer sales of distressed properties and higher transactions dealing with more expensive homes, says Leslie Appleton-Young, CAR associate vice president and chief economist. "We've had a big drop off in…