Bay Area Housing Market Stuck In Neutral; Investors, Cash Buyers Active

by 18 Mar 2011
La Jolla, CA.----Bay Area home sales held at a poky pace in February as the median sale price fell below the year-ago level for the fifth consecutive month. With many would-be buyers still reluctant to enter the market, the share of homes sold to investors and others paying cash rose to unusually high levels, a real estate information service reported.

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