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Flipper Cash Propping Up Housing Market

03:48
A sold sign stands outside a home in Mt. Lebanon, Pa., in June. New home sales in July were at record lows, but now almost one-third of purchases are paid in cash -- compared to less than 10 percent before the housing bubble burst. (AP)
A sold sign stands outside a home in Mt. Lebanon, Pa., in June. New home sales in July were at record lows, but now almost one-third of purchases are paid in cash -- compared to less than 10 percent before the housing bubble burst. (AP)

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