Cash House Sales Rising in U.S. Despite Stable Mortgage Market

“Home buyers are facing a new challenge in finding mid-priced houses to purchase: Cash buyers who swoop in and snatch up all the properties.  According to a report in The Wall Street Journal, while mortgage lending is finally rebounding after the housing crash of a few years ago, cash deals are still at higher than normal levels – even with the prices of homes heading into record territory.”

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