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One-third of California residential property sales were all-cash purchases in 1Q

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About one-third (33.3 percent) of all California residential property sales in the first quarter were all cash purchases, up from 29.3 percent in the fourth quarter of 2013 and up from 20.3 percent in the first quarter of 2013, according to RealtyTrac’s Q1 2014 U.S. Institutional Investor & Cash Sales Report.

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