"In the Bay Area, the cash is coming from deep-pocketed tech workers. In New York, Wall Street workers, flush with bonus checks, and foreign buyers looking to park assets, are paying with cash. Meanwhile, South Americans have been buying up real estate in South Florida as a safe haven for their money. In February, more than 71% of sales in the Miami area were all-cash deals.
...As housing becomes more expensive some worrisome trends that occurred during the bubble years are re-emerging, said Stan Humphries, chief economist for Zillow. These include a greater reliance on non-traditional financing, like low-downpayment loans and adjustable-rate mortgages, and a greater pressure to move further away from urban job centers in order to find affordable housing."
CNNMoney
h/t Icepick
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Has anyone noticed indications of an inflating bubble?