Record home sales in California in 2005

From today's San Francisco Business Times, "A record number of homes changed hands in 2005 - almost 2 percent more than the record number of homes sold in 2004, according to the California Association of Realtors."

"The association reported Wednesday that 635,000 homes sold this year compared to last year's record of 624,700. In 2006, sales are expected to drop by 2 percent - still a healthy number."

"This was the fourth consecutive year for double-digit appreciation - though the pace slowed from the 18-to-21 percent annual gains experienced from 2002 to 2004 to 16 percent in 2005."