Did you happen to see the front page of The Wall Street Journal this morning?

Here’s a recap of some of the highlights:

Buyers in markets around the U.S. are snapping up homes in all-cash deals, betting that prices are at or near bottom and breathing life into some of the nation’s most battered housing markets.”

It goes on to say, “Nationally, 28% of sales were all-cash transactions last year, according to the National Association of Realtors.  The rate was 14% tober 2008, when the trade began tracking the measure.

Read the entire article here

This article echoes what Maureen and I have been saying all along.  Cash Buyers are
the key in this market!!!!

Did you notice that the number of cash transactions DOUBLED in 2 YEARS?