Economy News

 

Cash Rules As Homebuyers Hit The Market

(Undated)  --  Cash is king, especially when it comes to buying a home.  According to RealtyTrac, all-cash deals accounted for a record 43-percent of home sales during the first three months of this year.  

Experts say it's due to fierce competition from other homebuyers, as well as strict lending practices these days.  If they have the ability to, potential buyers are ponying up the cash to look more attractive to sellers.  

Cape Coral, Florida led the nation in all-cash home purchases during the first quarter.

 

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