California pending home sales decline in November, but year-to-year sales post higher for seventh straight month, C.A.R. reports

LOS ANGELES, CA – December 29, 2011 – (RealEstateRama) — Pending home sales in California fell in November but were up from the previous year for the seventh consecutive month. Additionally, distressed home sales dropped in November from both the previous month and year, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.