The CAR reported: Low interest rates boost housing market in second half of year as home prices post strong gains in December, C.A.R. reportsClosed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 398,880 units in December, according to information collected by C.A.R.…

CAR on California December Housing: Sales up 7.4% YoY, Inventory down 26.5%, Lowest Inventory in "nearly seven years"