June home sales drop nationally, rise for California Photo by Metro ServiceIn the state of California, an increase of 2.4 percent from last year at this time indicated further increases through the new year. A drop in inventory of 0.5 percent nationally proportionally affected the median home price, which increased 6.5 percent since last summer. ■ By Matt McPherson / Columnist Last week the Federal Reserve (Fed) held a meeting to determine whether to change the rates. The balance sheet remained untampered with and the federal funds rate was not increased. The Fed issued a statement in which they stated the balance sheet would begin to taper “relatively soon,” which many

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