South Florida leads nation in all-cash home sales in Q2, RealtyTrac says
Brian BandellSouth Florida Business Journal
All-cash deals made up a greater percentage of home sales in South Florida than any metropolitan in the nation in the second quarter, according to RealtyTrac.The study found that all-cash deals accounted for 64.1 percent of sales in South Florida. Although that was down from the same period a year ago, it was well above the national rate of 37.9 percent.Foreign buyers are putting down cash for homes and, especially, condos, often for investments to hedge against problems in their home countries.
Author:Kevin Berman Phone: 954-471-8120 Dated: August 20th 2014 Views: 421 About Kevin: REAL ESTATE BROKER & MILLION DOLLAR GUILD MEMBER
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LUX Florida Home Collection & Bankers Realty Services are a full service real estate firm. Since 2000 we have been listing, selling, leasing & managing property for both residential and commercial real estate owners throughout South East Florida. We have a team of experienced Real Estate, Mortgage, Appraisal & Legal professionals who all work together to assist in our clients needs.
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