Cash sales of houses up

In other housing news, cash sales of homes and condominiums were down nationwide in November.

Cash transactions made up 32.4 percent of all home sales during the next-to-last month of 2016, down 4.5 percent year-over-year, according to data released Monday by CoreLogic.

That was 14.2 percent below the peak the national housing market reached in January 2011.

Before the housing crisis, cash sales typically made up about 25 percent of total home sales in the United States. At the current rate, cash sales should return to 25 percent by the middle of this year.

In the Inland Empire, cash sales accounted for 26.1 percent of all home sales during November, an increase of 1.1 percent year-over-year, according to CoreLogic.