All-cash deals hit a record 43 percent of home sales during the first three months of 2014, according to RealtyTrac. That’s up from 19 percent a year earlier and the highest level reported since RealtyTrac began tracking the deals in early 2011.
The jump is due to two main factors: strict lending standards that make it difficult to get a mortgage and intense buyer competition.
via Nearly half of all home sales all-cash deals | Money – KCRA Home.