CNN Early Start January 23, 2014 10:58:00
Purchases last year, and that is up dramatically. youve got these super low mortgage rates, but look at how much, 29.1% of these are all cash deals. the surge in sales and distressed properties comes despite the fact that far fewer americans lost their homes to foreclosure last year. a lot of people, i think maybe, john, theyre downsizing. i think maybe people, baby boomers in particular, are moving out of a bigger house, paying all cash for a smaller house, and there are still investors, foreig...
Source: archive.org