Business

Aug 16, 2013 9:00 AM by Lacey Steele

More and more homes being bought with only cash

Imagine paying for a home with cash.

It may be happening more than you think.

More than half of all homes sold last year and this year have been all-cash sales.

A study by Goldman Sachs found cash sales have doubled over the last seven years.

It's believed investors, foreign buyers, and wealthy homeowners who don't want to deal with tougher mortgage lending standards are responsible for shelling out the cash.

 

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