“More than half of all homes sold last year and so far in 2013 have been financed without a mortgage, according to a Goldman Sachs analysis. The analysis estimates that around 20% of all homes sold before the housing crash were ‘all-cash’ sales (or around 30% of sales by dollar volume). But over the past seven years, the all-cash share of sales has more than doubled. There’s no exact way to know who is responsible for all of these cash purchases, though they are likely to include some combination of investors, foreign buyers, and wealthy homeowners that don’t want to go through the hassle of getting a mortgage before closing on a sale.”

http://blogs.wsj.com/developments/2013/08/15/report-half-of-all-homes-are-being-purchased-with-cash/

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