| All-Cash Home Transactions on the Rise |
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The National Association of Realtors reports that the share of home sales involving all-cash transactions was 26% in January, up from 18% a year earlier.
Both home buyers and investors are using cash more often, but investors in particular are using it to avoid paying interest charges on loans and get a larger return on their investment.
With home prices unbelievably low, investments are ideal as the home is more likely to retain--or go up--in value. Besides this economic timing, all-cash transfers are quicker and give investors a competitive edge.
Read more in the Detroit Free Press.
Posted on March 29, 2010 14:17:21 by Scott.Shields
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