According to RealtyTrac, 43% of home sales during the first three months of 2014 were purchased in all-cash. This was up 19% from one year prior, and has set record as the highest level reported since RealtyTrac began tracking deals in early 2011.
Two major factors are said to have contributed to this rise in all-cash deals. These factors are strict lending standards and strong buyer competition given the low inventory market. Current lending standards make getting a mortgage difficult, while intense buying competition primarily favors the all-cash buyer.
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