Posted To: Pipeline Press
What does Florida have that the rest of us don't? The highest percentage of cash buyers according to Zillow's latest research. There are plenty of reasons for this, but as of the second quarter of 2015 with 51 metros analyzed, cash purchases of homes were far more common in Midwestern and Southeastern markets, particularly in Florida, than in the Western U.S. The five markets with the highest percentage of all-cash home purchases were all in Florida. Metros with small shares of cash buyers tend to have younger populations, while markets with higher shares of cash buyers tend to have a larger proportion of households headed by a widow/widower. (Interestingly, among the 10 markets nationwide with the lowest share of cash buyers, only one is not in the west - Worcester, Massachusetts, with 21...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/1RKZ7bq
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