Cathedral City CA Short Sale Cathedral City, California real estate has seen some drastic swings in prices, conditions and inventory. First, when the Cathedral City housing crashed in 2007, no one could sell a house. Anyone trying to only chased Cathedral City home buyers with dropping prices. Then came all the Cathedral City CA foreclosures. This attracted many cash buyers and investors. As banks realized that flooding the Cathedral City real estate market with foreclosures drove prices down even further, they began holding on to their Cathedral City foreclosed homes. This brought a new wave to the Cathedral City real estate market: Cathedral City CA Short Sales! The Cathedral City CA Short Sale Yes, Cathedral City California has seen the rise and fall of the short sale, and this type ... 04/18/2014