Did you know ….
The number of property sales with over one million dollars in California values increased by 45.1 percent in 2013 compared with the number of these sales in 2012, according to the news report of the company DataQuick. 39,175 were sold in 2013, of which 10,602 were purchased in cash.
The houses financed these values, most were granted with 30 percent down payment, and among the banks that provided this type of financing were Union Bank, Bank of America and Wells Fargo.
Factors such as job growth, interest rates were all key factors in this increase in the sale of properties called “High End Properties”.