Over Half of US Home Sales All-Cash

The Week magazine quotes a stat reported in the San Francisco Chronicle:

More than half of all U.S. homes sold last year and so far in 2013 were purchased with cash alone. Before the financial crisis, only 20 percent of homes sold were “all-cash sales.” The numbers reflect investors buying cheaper homes in hard-hit areas to rent out. 

This probably doesn’t come as a surprise to anyone competing with the ‘shadow market’ of SFH rentals.