California Home Sales Rise From Year-Ago as Median Home Price Breaks a New Record in May, C.A.R. Reports

Existing, single-family home sales increased 5.1 percent year over year to 268,810 in May on a seasonally adjusted, annualized basis and were down 3.1 percent from 277,360 in April. The statewide median home price reached a record high for the second straight month to $930,260, up 2.3...