clock menu more-arrow no yes mobile

Investors and cash buyers helped make last month the busiest January in six years for house sales. According to the latest numbers from DataQuick, Southern California's "median home price notched a sharp 23.5 percent gain from the same month a year earlier, a reflection of both rising prices and a shift in the buying mix from lower-end starter homes to pricier digs." Absentee and cash buyers accounted for more than 65 percent of sales. [LAT]