{"id":182,"date":"2013-02-09T15:16:21","date_gmt":"2013-02-09T23:16:21","guid":{"rendered":"http:\/\/julianalee.com\/blog\/?p=182"},"modified":"2013-02-09T15:16:21","modified_gmt":"2013-02-09T23:16:21","slug":"record-number-of-homes-bought-with-cash-in-2012","status":"publish","type":"post","link":"http:\/\/julianalee.com\/blog\/record-number-of-homes-bought-with-cash-in-2012\/","title":{"rendered":"Record Number of Homes Bought With Cash in 2012"},"content":{"rendered":"<p>DQNews posted a summary and numbers on Feb 6, 2013 discussing that the number of homes purchased without financing is at a record high.<\/p>\n<p>&#8220;Cash purchases accounted for a record 32.4 percent of California&#8217;s overall home sales last year, up from 30.4 percent in 2011 and more than double the annual average of 15.6 percent since 1991, when DataQuick&#8217;s cash statistics begin.&#8221;<\/p>\n<p>Of particular interest is that investors and vacation home buyers bought 55% of all homes bought without financing. About 28% of of non-financed purchases were done by buyers purchasing two or more properties. Part of the increase in non-financed purchases is probably due to the tighter restrictions on qualifying for loans but the perceived investment return and safety of competing investments is also a factor.<\/p>\n<p>In Santa Clara County the number of non-financed home purchases increased from 4,625 in 2011 to 5,415 in 2012. In San Mateo County non-financed home purchases increased from 1,694 to 1,948 (24.2% of all San Mateo Purchases were all cash).<\/p>\n<p><a href=\"http:\/\/www.dqnews.com\/Articles\/2013\/News\/California\/CACASH130206.aspx\">http:\/\/www.dqnews.com\/Articles\/2013\/News\/California\/CACASH130206.aspx<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DQNews posted a summary and numbers on Feb 6, 2013 discussing that the number of homes purchased without financing is at a record high. &#8220;Cash purchases accounted for a record 32.4 percent of California&#8217;s overall home sales last year, up from 30.4 percent in 2011 and more than double the annual average of 15.6 percent [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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record high. &#8220;Cash purchases accounted for a record 32.4 percent of California&#8217;s overall home sales last year, up from 30.4 percent in 2011 and more than double the annual average of 15.6 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