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Cash home sales top 50 percent (access required)

Institutional investors account for smaller share of home sales

CHARLOTTE – More homebuyers paid with cash in October – and not just institutional investors, who bought a smaller share of the homes sold, while cash purchases overall topped 50 percent for the first time in 19 months. “We have been seeing those go somewhat hand-in-hand over the past year and a half, but it indicates ...

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