In some housing markets, all-cash deals still rule

Cash buyers are much more attractive to sellers. Cities attractive to foreign investors are also seeing a lot of cash exchange hands. It only shows that in some housing markets, all-cash deals still rule. To cash buyers, monthly mortgage payment won't be hanging over their heads should their financial situation suddenly take a turn for the worse. But although not everyone agrees that the housing market is so reliant on cash, there is both the bad and good news for the first-time homebuyers.

Read the entire article here: http://money.cnn.com/2014/08/19/real_estate/all-cash-deals/index.html