DataQuick Sees Home Sales Rise 4% in California

""DataQuick"":http://www.dataquick.com/ released statistics this week that reveal a 4-percent year-over-year increase in California home sales.

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The analytics company offered up an account of resales in California in a report released Wednesday.

Condominiums and resale home sales leapt from 34,087 in October to 31,403 in November last year, with sales in the Golden State still far below lows of 25,578 seen in 2007.

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The company said that mortgage payments typical of homebuyers averaged $931 in November, up from $924 in October and a record low not seen since 1988.

Figures for mortgage payments topped $1,010 in November last year, with inflation numbers adjusted at 58.5 percent below the same figures seen in 1989.

DataQuick found that numbers for mortgage payments still fell 66.4 percent below current figures for the peak in June 2006.

The report comes on the heels of still-low mortgage rates for a housing finance system bounded on both sides by low home prices and still-high unemployment figures.

On Thursday finance Web site Bankrate.com and mortgage giant Freddie Mac released figures to show that Europe's debt crises, dysfunctional politics in Washington, D.C., and the fight over a payroll tax cut all combine to keep mortgage rates at record lows.