Calif. home sales soar 18%

Calif. home sales soar 18% July 5th, 2008 The median home price is down 35%, but that helped drive the number of sales higher in May. By Les Christie, CNNMoney.com staff writer NEW YORK (CNNMoney.com) — On Wednesday there was some good news for California, which has been one of the hardest hit states in the housing crisis, when a local realtor group said that sales there jumped 18% in May compared to May 2007. But the hard times are far from over: Prices took a beating, plummeting 35% d

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