It just seems like million dollar homes in SD are far more prevalent that I guess they really are….
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“A total of 24,436 Golden State homes sold for a million dollars or more last year. That was down 42.5 percent from 42,506 in 2007.
“A lot of home sales in the upper half of the market have been on hold for months, waiting for financing,” he said.
While the number of home purchase mortgages below the old $417,000 conforming limit increased by 21 percent last year, the number above decreased by 51 percent, DataQuick reported.
Lending institutions most willing to provide mortgage financing were Wells Fargo, Bank of America and Union Bank.
There are 8.51 million homes in California. Of those, 254,745, or 3 percent, are assessed for more than a million dollars by county assessor offices, DataQuick reported.”
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