Buying and selling of all types of real estate in Southern California rose nearly 5% in April over March.
Activity in Orange County was a little stronger, rising 6.3% during the month, said TRW Real Estate Market Information. TRW said 12,055 deeds were recorded in the county for a total of $2.2 billion in transactions.
Despite higher interest rates, the company said it expected buying to increase in the region in May and June.
TRW also said construction is increasing around the region, based on a rise in construction loans. Construction loans to builders totaled $2.1 billion in April, up 30% from March and 50% from April, 1987.