Cash is king in the real estate market throughout Southern California in general and in Orange County in particular, where thanks to falling home prices, more people with the means seem interested in plunking down a lump sum and getting a home free and clear. But many of these buyers aren’t just people in search …
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In California, the all-cash offer is king when it comes to luxury property now. According to the Los Angeles Times, cash deals now account for roughly two-thirds of home sales in Southern California’s most expensive neighborhoods, with all-cash buyers having bought 30.9% of California houses and condos in January. . These current low prices have …
Existing home sales rose again in January, for the third consecutive month, with the annual rate of 5.36 million marking the first time in seven months that sales activity was higher than a year earlier. The National Association of Realtors (NAR) released their monthly report on existing home sales on Wednesday. Home sales are now …
Sales of previously owned homes surged 12.3 percent in December, according to data released by the National Association of Realtors (NAR) Thursday. Existing-home sales have increased five of the last six months and have now hit a seven-month high, at a seasonally adjusted annual rate of 5.28 million units. That’s up from a rate of …
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