MORE THAN HALF OF HOME SALES ARE ALL CASH

Dated: 10/30/2013

Views: 265

There’s no exact way to know who is responsible for all of these cash purchases, though they are likely to include some combination of investors, foreign buyers, and wealthy homeowners that don’t want to go through the hassle of getting a mortgage before closing on a sale. Mortgage lending standards have sharply tightened up since the housing bubble, with banks scrutinizing borrowers’ tax returns and bank statements to verify their incomes and the source of their down payment.


Want to Advertise on this Site?

Latest Blog Posts

Important Information About Home Appreciation

Home Price Appreciation Forecast Questions continue to come up about where home prices will head throughout the rest of this year, as well as where they may be going over the few years.

Read More

Upgrade Your Home Now

Now’s the Time to Move-Up and Upgrade Your Current Home! Homes priced at the top 25% of the price range for a particular area of the country are considered “premium homes.” In today’s

Read More

Home Inspection Is Important

Know What to Expect at Your Home Inspection So you made an offer and it was accepted. Now, your next task is to have the home inspected prior to closing. Agents oftentimes make your

Read More

Using A Real Estate Professional Makes All The Difference

Having a Professional on Your Side Makes All the Difference! In today’s fast-paced world where answers are a Google search away, there are some who may wonder what the benefits of

Read More