Cash Buyers Dominating Orange County CA Real Estate Markets

Cash buyers for homes

Orange County CA home buyers are putting enormous amounts of cash 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.

Orange County ca home selling

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

 

Posted via email from Explore OC Homes

About Harrison K. Long

Businessman, Professional real estate representative, Realtor, GRI, Broker associate, Coldwell Banker Residential Brokerage - Orange County, California - CA DRE 01410855 - Helping property owners, estate trustees, executors and administrators, fiduciaries, bankers, investor group managers, with listing and sale of properties - helping people with their best decisions about homes and real estate - Orange County Association of REALTORs member, California Association of Realtors member now serving on its board of directors from 2011 to the present, National Association of Realtors member - Attorney member of the California State Bar Association #69137 - Contact by telephone or text at 949-701-2515.
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