Relevant:
- Median home price sinks in Southern California
- Foreclosures Rise to 24% of U.S. Home Purchases as Short Sales Increase
- Southern California housing market improves slightly in June
- Southern California Home Sales Rise on Investor Purchases
- FHA low down payment buyers and cash investors dominate Southern California housing market – Not a healthy market when over 63 percent of sales come from these two groups. Move up sellers unable to shift because of negative equity.
2012-01-17 — bloomberg.com
"A total of 19,247 homes sold last month in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties, the San Diego-based data seller said today in a statement. Investors and second-home buyers accounted for 26.4 percent of transactions, up from 25.1 percent in November and matching a February 2011 peak."
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