Approximately 28 percent of REALTORS® reported making cash sales in September, relatively unchanged since August (27 percent) and almost at par with the same period of last year of 30 percent, based on information from the REALTORS® Confidence Index survey. The high preponderance of all-cash sales appears to be due to stricter mortgage underwriting standards, and purchases by investors and second home buyers, who frequently pay cash, possibly edging out buyers needing to secure a mortgage.

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