Cash cures mortgage blues

cash-home-sales-620xaBy Kris Hudson | The Wall Street Journal

Americans are still buying homes in all-cash deals, despite more investors leaving the market, according to a new report. MarketWatch’s Quentin Fottrell discusses what cash deals means for the housing recovery on MarketWatch.

All-cash home purchases are on the rise again—buoyed by retirees instead of pure speculators—signaling a shift in the way Americans view homeownership and in the mortgage market.

During the year’s first quarter, 33% of the existing homes sold in the U.S. were purchased entirely in cash. That was up from 31% for all of last year and 29% in 2012, according to a monthly survey of roughly 3,000 real-estate agents commissioned by the National Association of Realtors.

Continued: 

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

PRTA suspends operations

(Disclosure: Rose Law Group represents a coalition of property and business owners throughout Pinal County who have worked to bring new transportation infrastructure to the

Read More »