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The Real Deal Miami

U.S. homebuyers paying in cash

February 09, 2011 02:23PM

The U.S. housing market has cash buyers to thank for the rebound in sales activity in recent months, according to the Wall Street Journal. With loans still hard to come by, even those buyers who are getting turned down for mortgages are now unloading their other investments to pay cash for real estate during what they perceive as the bottom of the market. According to the National Association of Realtors, 28 percent of homebuyers in 2010 paid in cash.