Housing: It's all local

yhe latest batch of residential real estate stats are yet another illustration why housing markets are intensely local beasts. Gregory Jl Wilcox in the Daily News.

Reports last week from the same source -- Realtors -- offer the proof.

The California Association of Realtors reported that pending home sales, a measure of future sales activity, had increased for the sixth consecutive month.

Pending sales were up 3 percent from October and up 11 percent from a year ago.