Coldwell Banker: Cash Dominates Home Sales

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Coldwell Banker Cash Dominates Home SalesHome closings continue to be robust, with single family home closings up 20% last month over October 2010, says Coldwell Banker Premier Realty. Cash, rather than loans, are the single most common method for buying homes. Nearly 40% of single family homes were purchased with cash, while 86% of condominiums were purchased with cash, often because loans are not available for this asset class.
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