In todays rebounding real estate market, cash continues to be king. Bloomberg News put together an analysis of the top 30 metro areas in the country for cash deals and found Miami to be at the top of the list. Homes bought in Miami were purchased with cash 6.9% of the time.
Even the most expensive homes changed hands in cash deals roughly half the time, the article reads. For the past several years we have seen this cash trend stay strong, particularly among luxury and international buyers looking to invest in Miami. As construction continues to boom and more inventory comes into the market, we will continue to see cash deals happening regularly. Other cities on the list for top cash deals include Tampa, Orlando and Jacksonville in Florida, as well as Chicago, Cleveland, Detroit and Milwaukee. See the complete list on Bloomberg News: Markets Where Buyers Are Bringing The Money.In todays rebounding real estate market, cash continues to be king. Bloomberg News put together an analysis of the top 30 metro areas in the country for cash deals and found Miami to be at the top of the list. Homes bought in Miami were purchased with cash 6.9% of the time. Even the most expensive homes changed hands in cash deals roughly half the time, the article reads. For the past several years we have seen this cash trend stay strong, particularly among luxury and international buyers looking to invest in Miami. As construction continues to boom and more inventory comes into the market, we will continue to see cash deals happening regularly.
Other cities on the list for top cash deals include Tampa, Orlando and Jacksonville in Florida, as well as Chicago, Cleveland, Detroit and Milwaukee. See the complete list on Bloomberg News: Markets Where Buyers Are Bringing The Money
In todays rebounding real estate market, cash continues to be king. Bloomberg News put together an analysis of the top 30 metro areas in the country for cash deals and found Miami to be at the top of the list. Homes bought in Miami were purchased with cash 6.9% of the time. Even the most expensive homes changed hands in cash deals roughly half the time, the article reads. For the past several years we have seen this cash trend stay strong, particularly among luxury and international buyers looking to invest in Miami. As construction continues to boom and more inventory comes into the market, we will continue to see cash deals happening regularly.
Other cities on the list for top cash deals include Tampa, Orlando and Jacksonville in Florida, as well as Chicago, Cleveland, Detroit and Milwaukee. See the complete list on Bloomberg News: Markets Where Buyers Are Bringing The Money
In todays rebounding real estate market, cash continues to be king. Bloomberg News put together an analysis of the top 30 metro areas in the country for cash deals and found Miami to be at the top of the list. Homes bought in Miami were purchased with cash 6.9% of the time. Even the most expensive homes changed hands in cash deals roughly half the time, the article reads. For the past several years we have seen this cash trend stay strong, particularly among luxury and international buyers looking to invest in Miami. As construction continues to boom and more inventory comes into the market, we will continue to see cash deals happening regularly.
Other cities on the list for top cash deals include Tampa, Orlando and Jacksonville in Florida, as well as Chicago, Cleveland, Detroit and Milwaukee. See the complete list on Bloomberg News: Markets Where Buyers Are Bringing The Money
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