Economy Watch: Fewer Homes Underwater in First Quarter; SoCal Housing Sales, U.S. Oil Production Spike | Commercial Property Executive

By Wes Nichols | July 10, 2020

Economy Watch: Fewer Homes Underwater in First Quarter; SoCal Housing Sales, U.S. Oil Production Spike | Commercial Property Executive

Posted by Wes Nichols on Jul 2, 2013, 11:55:13 PM

Economy Watch: Fewer Homes Underwater in First Quarter; SoCal Housing ... - Commercial Property Executive

About 850,000 residential properties were no longer underwater as of the end of the first quarter of 2013. The sales velocity of residential properties in Southern California was at its highest level in seven years. And the United States experienced the largest single-year increase in oil production in history, up about 14 percent for the year to 8.9 million barrels per day.

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