​Morning Briefing: Low income home buyer more likely to pay cash?

[Dustin Ruhl]

Low income home buyers Paying Cash For Homes It's reported by Pennsylvania Association of Realtors President Kathy McQuilkin. That 1 in 3 buyers with incomes under $50,000 are buying homes with cash. Especially the lower-income citizens reported in cash-only purchase over 50 years old. Key Takeaways:

"The association’s Welcome Home survey also discovered that 23 per cent of homeowners are unsure how long they will stay in their current home, rising from 14 per cent in the last quarter of 2016."

Read more: http://www.mpamag.com/news/morning-briefing-low-income-homebuyers-more-likely-to-pay-cash-62722.aspx