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re: Home Prices Show Biggest Rise in 6 Years

Posted on 2/9/13 at 10:42 am to
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124188 posts
Posted on 2/9/13 at 10:42 am to
quote:

Investor home purchases in the Phoenix area began to decline in the fall, Orr said. Overall, about 36 percent of all home sales were cash deals last year. Early in 2012, cash deals made up more than 50 percent of all transactions.
50% cash deals is a stunning stat.

Speaks to your concern about lenders IMO.
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