More Southern California property was sold for...

More Southern California property was sold for more money last month than in any month since December, 1986, according to this month’s reports from TRW Real Estate Market Information. A total of 61,438 properties changed hands in Los Angeles, Orange, San Diego, Riverside and San Bernardino counties last month, up 17.6% from May and up 9.5% compared to June, 1987. The amount borrowed to buy the property was up 24.8% from May to $6.6 billion.