Big Money Betting Big on Housing
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Cash Purchases of California Homes Hit Record in 2012
Cash Purchases of California Homes Hit Record in 2012 By Alejandro Lazo Who needs a mortgage when you have greenbacks to spare? Not the wealthy, and certainly not investors, both of whom appear to be saturating California’s real estate market these days. The latest sign: Cash purchases of homes in the Golden State hit a record last year, accounting for 32.4% of all home sales. “It’s clear that a lot of today’s housing market recovery is being fueled by ... [Read more]
Real Estate Analyst Predicts A 20 Percent Increase In Median Home Prices In California During The Next Year
Real Estate Analyst Predicts A 20 Percent Increase In Median Home Prices In California During The Next Year By: Bruce Norris Remember the days when residential real estate gained equity each year? It’s happening again in California, and a year from now homeowners could see as much as a 20 percent increase in the median price of homes across the state, according to Bruce Norris, a Riverside-based real estate a ... [Read more]
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