Saturday, May 17, 2014

Where Cash Deals Make Up 50% of Sales

Where Cash Deals Make Up 50% of Sales
Nationwide, cash sales are on the upswing, despite a slowdown in investor activity and a dwindling supply of foreclosures on the market. The state boasts the highest number of metros where cash deals comprise more than half of sales. All-cash purchases made up 33 percent of transactions in the first quarter, up from 31 percent a year ago.  “The good news is that as institutional investors pull back their purchasing in many markets across the country, there is still strong demand from other cash buyers — including individual investors, second-home buyers and even owner-occupant buyers — to fill the vacuum of demand left by institutional investors. 

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