67% of All Deals were Cash in South Florida in Q1 2014
The trend to pay cash in Florida continues. It simplifies life for everyone.
Forget financing — all-cash new and existing home deals are becoming commonplace throughout South Florida, according to RealtyTrac.
During this first quarter of the year, all cash sales represented 67 percent of new and existing home purchases in South Florida.
In fact, only the Cape Coral- Fort Myers area surpassed us with 74 percent of purchases made with cash. In this occasion South Florida ranked second in the nation for all cash deals.
Moreover, Florida metro areas took the top seven spots nationally for the highest percentage of all cash home sales. * SFBJ
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