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FRIDAY, FEBRUARY 18, 2011

Investors, cash-buyers flock to Sacramento-area home market

Record numbers of investors and cash-buyers in January drove Sacramento County home sales to normal levels for the month but dragged down the median sales price to tie a 10-year low.

Sacramento County's housing market kicked off the new year with 1,561 total sales – new and resale homes and condos – a 5.4 percent increase from the same month last year and just under the 1,584 home sales January has averaged over the past two decades, according to figures released Thursday by La Jolla-based researcher DataQuick Information Systems.

Read more: http://www.sacbee.com/2011/02/18/3412632/investors-cash-buyers-flock-to.html#ixzz1ELvxb4J0

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