Tag Archives: all cash transactions

The heyday of the cash homebuyer seems to be over (at least for now)

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As mortgage rates remain lower and buyers continue to have the upper hand in most markets across the U.S., many are opting out of paying for homes in cash. Continue reading →

Treasury finalizes new rules for luxury cash sales reporting

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Treasury Secretary Janet Yellen said the new reporting rules will “close critical loopholes in the U.S. financial system” that had allowed criminals to launder money through all-cash residential real estate transactions. Continue reading →