From the archive, 2013. Rates, prices and market conditions described here are as they stood then. Treat the numbers as history, and the reasoning as the part that lasts.
RealtyTrac reported last week that 40% of the properties sold in the U.S. over the summer were purchased in cash, up from 30% a year earlier, according to a story on Reiclub.com.
Most of it can be attributed to the opportunity investors see in some markets. In some states, all-cash transactions seem to be the norm in other to lock in on a good deal and close quickly. Florida was the No. 1 state. Read MoreFiled under Market & Trends
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