New buyers finding some doors closed

ON THE MARKET—As the housing market comes back to life, homebuyers are finding it difficult to outbid investors who are able to make solid cash offers. Some fear a new real estate bubble is looming.
Brittany and Jeremiah Labbee thought they had finally nabbed their first home when they made a cash offer on a $425,000 fixer-upper in Newbury Park.
The Agoura Hills couple knew the real estate market was heating up, so they enlisted the help of family members to pool together enough money to m...

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