All-Cash Home Sales Rise in July

Irvine, CA, Aug. 29, 2013 -- All-cash purchases accounted for 40% of all sales of residential property in July, according to tracking firm RealtyTrac.

That's up from 35% in June and 31% in July 2012. The high point was 53% in March 2012.

A recent report by Goldman Sachs estimated that cash sales now make up 57% of all residential home sales, up from 19% in 2005.

                                                                                                                                                                                                                       
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