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08/30/09
Valley housing attracting cash
Filed under: General, Real Estate
Posted by: Lillian Wong @ 4:56 pm

Half-a-billion dollars in cash was spent on down payments and home purchases in metropolitan Phoenix last month.

That tally doesn’t include mortgages on homes. It’s the pure cash figure buyers spent on existing Valley homes in July, according to Arizona housing analyst RL Brown. In his recent “Phoenix Housing Market Letter,” Brown uses the figure to prove the housing market is showing signs of life after last year’s crash.  more…



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