Monday, November 4, 2013
Cash buyers outstrip mortgage buyers
Cash buyers outstrip mortgage buyers
Despite it being more difficult to obtain a mortgage since the 2007 housing market crash, residential properties were still more often bought with a mortgage, rather than with cash. Until the past year, that is! - November 2012 saw cash buyers outstrip mortgage buyers for the first time since this index began - This trend continued throughout 2013 as cash buyers bought a greater share of properties on the market in four out of the last twelve months
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