Home sales are up. What does this mean for California?

EL SEGUNDO, Calif. — New data released this week shows home sales in December were the strongest they’ve been in nearly three years.

According to the National Association of Realtors, home sales went up by a little over 5% from a year ago.

So what does all this mean for California? Bankrate housing market analyst Jeff Ostrowski joined “Your Morning” to discuss.

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