A report this a.m. on NPR’s Morning Edition explains that cash-only Massachusetts home sales are booming.

So far this year, 40% of Massachusetts sales have been cash, from parents buying “kiddie condos” for their children coming to school in Boston, or investors picking up foreclosed home at auction. Three communities (Cambridge, Provincetown, and New Bedford) has cash-only sales exceeding 50%. The average percentage of cash-only sales in Massachusetts in the last ten years in closer to 10%.