As Home Sales Heat Up Again, Buyers Must Resort to Cold Cash
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Monday, June 10, 2013
In this article from the New York Times - The percentage of homes bought with cash has shot up in many markets across the nation. Nearly a third of all homes purchased in Los Angeles during the first quarter of this year went for all cash, compared with just 7 percent in 2007. In Miami, 65 percent of homes sold were for cash deals, compared with 16 percent six years ago.
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