The depressed California housing market, which has been dampening national expectations of a strong year, is showing signs of a revival. Sales this year should be the highest in five years, according to a report from TRW Redi Property Data.

The Riverside, Calif., supplier of real estate statistics expects the sales volume Of new and existing homes to reach 378,000 by year's end, 7.5% higher than in 1993. Sales have been down or fiat since 1989.

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