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Realtor® comments in the latest Realtors® Confidence Index survey, indicate that an increasing number of home buyers have been making all-cash purchases in recent years. The high preponderance of all-cash sales appears to be due to a number of factors: Unrealistically high loan underwriting standards, a significant level of investor participation in the market, and sales of properties as second homes. Cash sales made up 31 percent of residential sales in March.
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