Cash Buyers Dominating Orange County CA Real Estate Markets

 

Orange County CA home buyers or putting enormous amounts of cash money into the buying process.

During 2012 year, Orange County buyers put $9.06 billion of their own funds into homes – that is cash spent in no-loan purchases plus down payments for sales with mortgages.

19 percent more cash was used for Orange County home buying during 2012 than during the past year 2011.

A shortage of for sale inventory at Orange County leads some sellers to favor cash buyers better than those with mortgages.

This big cash put into deals is a sign of home shopper confidence in Orange County CA homes and real estate.  

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 Source of information is OCRegister.com and its reference to DataQuick.com.

 

       

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Posted via email from Explore OC Homes