Tagged : home buyers

Found 1 blog entry tagged as "home buyers".

If you are thinking of buying your own home anytime soon, then you had better get a pile of cash ready. It should be a huge pile. In the first quarter of 2014, all-cash deals of home sales skyrocketed to an all-high of 43%, according to information provided by RealtyTrac. You will really appreciate this growth when you realize that it was 19% all-cash sales back in 2013, and that was the highest since RealtyTrac started its recording of deals in the beginning of 2011.

Analysts have attributed this to two primary factors. One is the stricter lending standards that have been put in place. These lending barriers make it difficult to secure a mortgage and fierce competition among buyers. Another factor that favors the buyer carrying a bag of cash is the

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