North Miami
Real Estate
Florida a national leader in cash-only home sales
Cash is king in the housing market, and Florida wears the crown.New data from Redfin shows that over one-third of home purchases in the U.S. are made in cash — which is much more common here than in other states.Why it matters: Rich people can adapt to this pricey market more easily than typical buyers needing a loan.By the numbers: Five of the 10 metro areas with the highest percentage of cash home purchases are in Florida, with Jacksonville ranked first at 54.4%.West Palm Beach, Fort Lauderdale and Miami ranked second, fourth, and fifth, respectively.Tampa Bay ranked eighth at 42.8%...
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