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Fewer Home Buyers Paying Cash

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The share of home buyers using all-cash to pay for their real estate transactions dropped to the lowest level since November 2009. Nearly 25 percent of all single-family home and condo sales in May were all-cash purchases, down from 30 percent a year ago.

The percentage of cash sales is nearing a long-term average that goes back to January 2000 of 24.8 percent. Cash sales are also well-below the peak of 42.2 percent reached in February 2011.

The share of institutional investors — those who purchase at least 10 properties in a year and who often pay all-cash — is plunging.

Housing markets are transitioning from an investor-driven, cash-is-kingkearney sunroom 2 market to one more dependent on traditional buyers.

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