According to the latest reports, 38 percent of home purchases in the second quarter of 2014 were all-cash deals. This is a large number to be sure, but it is actually down from 42 percent in the first quarter of the year.
Experts are attributing the decline to the fact that there are fewer deals to be had for the large institutional buyers that purchase multiple homes per year. According to CNN Money, those types of deals make up 4.7 percent of all sales, down from 6 percent last year.
Image via flickr/401(k) 2012
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