As foreclosures plummet statewide, prices are increasing in the Southern California real estate market. Foreign investors from China, Taiwan and some from the Middle East are viewing the real estate market as a safe place to invest their cash. In the long run, the influx of foreign cash investment has the potential to allow new buyers in the market as real estate sales become more feasible.
For full article:Â losangeles.cbslocal.com/2013/02/18/housing-market-boom-local-home-buyers-compete-with-foreign-cash/
Gotham Corporate Group 