Deals
Southern California Home Sales Surge 14% on Investor Purchases
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House and condominium sales in Southern California rose 14 percent in December from the previous month as investors and second-home buyers made a record share of purchases, DataQuick said.
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.