38% of homes purchased with all Cash

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From DS News:

Study Finds 38% of Homes Purchased in 2011 Bought with Cash

Despite record low mortgage rates, 2011 has seen a surprisingly high level of cash home purchases, according to the real estate research firm Hanley Wood Market Intelligence. Analysts with the company say between tight lending standards and a desperate search for yield by investors, cash purchases of homes – particularly for distressed properties – are becoming more common. The company's study found 38 percent of homes purchased in 2011 were bought with all cash. » Read More

 

 

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