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All Cash Homes Sales Hit Record High

Cash purchases for homes are at all-time highs for two primary reasons: 1) more wealthy foreign buyers see US real estate as a safe place to park assets 2) a low interest rate environment has institutional buyers chasing higher returns wherever they can find them. Despite increased competition for real estate, you should never allow the fear of losing a deal trick you into paying too much for a property. There will always be new buying opportunities– patience is the key to sound real estate investing.

-Gerald

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