Quotes from the news wire:
Interest rates are fabulously low, everyone would like a mortgage so they can keep their cash and do something more productive with it. It is just a matter of, How do I win in this competition ?
Found on CNN 3 years ago
With a lot of all-cash offers, buyers are borrowing the money, they just aren't borrowing it against this property, they may well be using a margin account from stocks. They may be borrowing expected liquidity and getting a line of credit. Or their parents may be lending them a couple million dollars.
Found on CNN 3 years ago
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