RealtyTrac: All-cash sales at lowest since late 2009

RealtyTrac: All-cash sales at lowest since late 2009

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Short-term money and investors dominate real estate market

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The trend in high institutional investor activity isn’t new, but it takes on added relevance as their share of purchases increases, having an "outsized impact on housing prices." The institutional housing trade is a highly localized phenomenon, particularly relevant in some of the worst-hit markets—the same ones which are experiencing some of the most impressive gains in prices, writes Forbes.

Source: Forbes
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