All cash buying hits a record in 2012: Parts of Florida see investors buying up 70 percent of all home sales. California all cash buying hit a record in 2012 at over 32 percent of sales.

The amount of investor buying hit a record in 2012. Last year for California over 32 percent of all homes sold for all cash based on property records where no mortgage was recorded with the sale. Some of these homes went to owner occupied sales but the vast majority based on “absentee buyers” signifies that […]

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Source: Dr. Housing Bubble