| From Theglobeandmail.com: Exotic U.S. mortgages are disappearing in the Spartan post-meltdown era, supplanted by a decidedly old-school mode of financing – cash. In what experts say is a sign the battered U.S. housing market is cautiously finding a bottom, more Americans than ever are choosing to plunk down cold, hard cash to buy homes.
Cash was the currency of choice in 27 per cent of all homes purchased in the United States in March, according a survey by the U.S. National Association of Realtors (NAR).....................................Full Article: Source
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