Cash Buyers Lift Housing

The National Association of Realtors reported that nationally 28% of all buyers were all cash transactions last year.   This is up from 2008 which had only 14% of all buyers closing with all cash transactions.   Phoenix had 42% cash buyers in 2010 which is triple the amount it had in 2008 per Raymond Jame's equity research division.   As you can guess, this is actually helping the US housing market.   Read the article in the Wall Street Journal for more signs of economic recovery:         http://online.wsj.com/article/SB10001424052748704570104576124502975117950.html?mod=WSJ_RealEstate_LeftTopNews