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Cash Is King In South Florida Real Estate

 
Cash Is King In South Florida Real Estate
Posted August 19th, 2014 @ 9:00am

Cash purchases are still making up a significant portion of real estate sales in the Miami-Fort Lauderdale-West Palm Beach market.

 

All-cash buyers made up 64 percent of home sales in the second quarter of 2014, making the South Florida market number one in the nation in cash sales.

 

RealtyTrac Vice President Daren Blomquist says the latest report also indicates institutional buyers continue making their mark.

 

Over 8 percent of all sales in the second quarter were made by investors purchasing single-family homes for the rental market.

 

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