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After the Mexican War ended Captain Charles Weber settled the land grant after considerable work and during the fall of 1847, the people named on the grant provided Weber some optimism of a achieving a permanent settlement, so he had the land surveyed into town lots. In the beginning men lived in brushwood tule
tents. When gold was discovered, in 1849, The founding of mining camps gave rise
to making Stockton into an immense trading depot, and the Weber store became the
California home sales and price gains temper in May as buyers confront housing affordability constraints and low inventory
LOS ANGELES (June 17) – California home sales eased slightly in May as a shortage of homes and housing affordability concerns held back would-be home buyers, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Meanwhile, the median home price posted higher from both the previous month and year for the third consecutive month and remained at its highest level since December 2007.
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 391,030 units in May, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. May marked the seventh straight month that sales were below the 400,000 level and the tenth straight decline on a year-over-year basis.