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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 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]

Last year was probably one of the most affordable years ever to buy a house as prices bottomed and mortgage interest rates hit record lows.The National Assn. of Realtors reported that 2012 will probably go down as a record year for housing affordability, according to its affordability index. That measure, which is calculated based on the median home price, family income and the average mor ... [Read more]

Home buyers’ optimism contributes to recovering housing market, C.A.R. survey finds In a sign of an improving housing market, California home buyers are more optimistic about the housing market now than they were three years ago, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2012 Survey of California Home Buyers.” More home buyers this year believe that home prices will rise, with 25 percent saying prices will rise in one year; 41 percent ... [Read more]