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Wednesday, February 23, 2011

Cash deals push home sales higher in January

All cash sales median home prices are about $190,000.  So in Orange County you are talking about homes in less desirable areas and mostly investor purchases.
Foreclosures represented 37 percent of sales in January. And all-cash transactions accounted for 32 percent of home sales -- double the rate from two years ago when the trade group began tracking these deals. In places like Las Vegas and Miami, cash deals represented half of all sales
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