MORE AND MORE HOMEBUYERS IN THE U-S ARE PAYING WITH CASH. IN FACT, A RECORD HIGH 29 PERCENT OF BUYERS DID SO IN THE FIRST QUARTER OF THE YEAR. HERE IN THE DUKE CITY, JANICE MCCRARY WITH THE GREATER ALBUQUERQUE ASSOCIATION OF REALTORS, SAYS ABOUT ONE IN FIVE BUYERS PAYS WITH CASH. SHE SAYS THE CASH BUYERS ARE A PRETTY GOOD SEGMENT OF THE MARKET.
MCCRARY TELLS 770 KKOB THEY DON'T HAVE FIGURES ON EXACTLY WHO IS PAYING WITH CASH…BUT IT MAY BE PEOPLE WHO HAVE BUILT UP EQUITY IN THEIR HOME, AND THEN DOWN-SIZED. AND IN DOING SO, MCCRARY SAYS THEY AVOID THE WHOLE MORTGAGE PROCESS.
