Jun 1st 2011 11:30AM
Having trouble qualifying for a home loan? Then consider what this inventive family of three did and buy yourself a Mississippi-style "shotgun shack." Sick of working two jobs apiece to pay the mortgage on their 2,000-square-foot home, Debra and her husband Gary decided to give it all up and start over – by... Continue Reading »
Jul 30th 2010 1:46PM
Sure, $2 million is a drop in the bucket for many of the buyers around Miami Beach's swank North Bay Road area, where homes begin in this price range. But for these buyers, many of whom are wealthy foreigners, cash is burning a hole in their pockets. The traditional route of bank financing, down payment and mortgage is... Continue Reading »
Jun 3rd 2010 3:02PM
All-cash home purchases are growing significantly in the real estate market – thanks to tighter bank lending practices, repeat buyers who are opting to forgo the mortgage process, and investors gobbling up distressed real estate. For every month so far in 2010, all-cash buyers comprised either 26 percent or 27... Continue Reading »
May 13th 2010 5:00PM
There's no denying that all-cash buyers are a force to reckon with in America's neighborhoods. All-cash buyers have come to account for roughly one-fourth of the housing market. According the National Association of Realtors' most recent Realtors Confidence Index: as of March 2010, all-cash buys accounted for 27 percent... Continue Reading »
