Nearly half of home sales are all cash deals - WLTZ 38 | Columbus Georgia Regional News & Community

Nearly half of home sales are all cash deals

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(CNN) - Want to buy a home? You may want to carry lots of cash.

According to data firm Realtytrac, all-cash deals hit a record 43% of home sales during the first three months of 2014.

That's up 19% a year earlier and the highest level reported since Realtytrac began tracking the deals in early 2011.

Real estate experts say the jump is due to two main factors: strict lending standards that make it difficult to get a mortgage and intense buyer competition.

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