President, Dallas Chapter
- Aug 5, 2009
- Reaction score
FOR SURE, so many were able to buy that could not afford the monthly payments with the higher rates and were able to with the crazy low rates. Also, reports just came in that 33% of all homes bought this year were bought using cash. No one knows exactly what is going to happen only time will tell.
Yup, and these buyers further worsened the lack of supply for entry-level homes, driving prices upward.
I wonder how many “cash buyers” are using firms that front cash like this one?
A slew of startups is helping homebuyers win bidding wars with all-cash offers. Buyers should know the downsides before they sign up.
…probably not a huge number, but certainly not zero, either.