BUSINESS

Housing Market Surging For All-Cash Buyers, Stumbling For Others

03/29/2011 08:35 am 08:35:58 | Updated May 29, 2011

As lenders tighten mortgage standards and consumers stay on the sidelines amid a five-year slide in home prices, all-cash purchases are surging. The deals are done mostly by investors who can get properties for less than buyers needing loans, fix them up and resell or rent them.

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