How All-Cash Buyers Are Preventing The Collapse Of The Housing Market

Keith Jurow,  MVP Housing Market Report    May 10th

I’ve asserted in previous writings that buyers paying all-cash for properties have been keeping some of brokers, the worst bubble markets from collapsing. Inside Mortgage Finance, which surveys roughly 3,000  each month and issues a monthly report, revealed at the end of March that a record 33.7% of property purchases nationwide were all-cash.

The National Association of Realtors (NAR) conducts an Investment and Vacation Home Buyers Survey annually. The latest survey covering 2010 found that a record 59% of investors paid all-cash for their property. That figure was only 32% in 2006 and a mere 17% in 2004 according to previous NAR surveys.

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