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re: Home Prices Show Biggest Rise in 6 Years
Posted on 2/9/13 at 10:39 am to NC_Tigah
Posted on 2/9/13 at 10:39 am to NC_Tigah
Lenders lending money for mortgages is what will stimulate the housing market. It doesn't matter what my house is worth if half of the buyers out there can't qualify for a mortgage.
1
Posted on 2/9/13 at 10:42 am to VABuckeye
quote:50% cash deals is a stunning stat.
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.
Speaks to your concern about lenders IMO.
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