“If you’re looking to buy a home right now, you’d better find some cash and you’d better find it fast.  Right now homebuyers across the country, already in frenzied bidding wars for homes, are increasingly losing out to the almighty all-cash buyer.  These folks are mostly investors — but not just the monolithic, institutional investment investors that have been snapping up distressed properties and foreclosures over the past few years. There are also a slew of well-heeled individuals with extra cash to invest, and they believe the real estate market is the place to put it.  In fact, many of the buyers paying cash don’t plan to actually keep all that cash in the house.”

http://homes.yahoo.com/blogs/spaces/homebuying-cash-king-again-222401172.html

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