The Wall Street Journal released an interesting article about the number of cash-buyers in certain markets.
They show Stockton, CA which is quite a depressed market at 29%, that is where I guess the Inland Empire would be. Los Angeles County is at a more reasonable 18.7%. They said in 2006 it was more like 12%.
It is just absolutely crazy that Miami, Florida is over 50%.
Here is a report from CAR on the historical ALL Cash transactions (this took a long-time to find).
I wonder how many of these cash buyers are investing for short-term or long-term and how many of them are planing to refinance their properties?