Home > Uncategorized > Report: Half of All Homes Are Being Purchased With Cash

Report: Half of All Homes Are Being Purchased With Cash

Report: Half of All Homes Are Being Purchased With Cash

 

Yahoo Finance ^

 

Posted on Thursday, August 15, 2013 8:30:20 PM by Red in Blue PA

 

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bigbrowatch (Photo credit: GunnyG1345)

 

More than half of all homes sold last year and so far in 2013 have been financed without a mortgage, according to an analysis by economists at Goldman Sachs Group.

 

The analysis estimates that around 20% of all homes sold before the housing crash were “all-cash” sales (or around 30% of sales by dollar volume). But over the past seven years, the all-cash share of sales has more than doubled, increasing by more than 30 percentage points, according to economists Hui Shan, Marty Young and Charlie Himmelberg.

 

 

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gophum (Photo credit: GunnyG1345)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Excerpt) Read more at finance.yahoo.com …

 

via Report: Half of All Homes Are Being Purchased With Cash.

 

IS THIS MAN, PRESIDENT OF THE UNITED STATES OF...

IS THIS MAN, PRESIDENT OF THE UNITED STATES OF AMERICA, THE LEADER OF THE FREE WORLD, MENTALLY ILL? (Photo credit: SS&SS)

 

 

 

 

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  1. August 15, 2013 at 7:56 PM

    Reblogged this on GUNNY G: "THE PEOPLE WHO CAST THE VOTES DECIDE NOTHING…" and commented:
    Dick G
    *****

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