Florida Is King Of Cash Sales!

Posted: December 27, 2015 | Source: www.floridarealtors.org

Although bank credit for home buyers has eased since the recession ended, many people are still paying cash for their home purchases. Florida is the #1 cash state with almost 48 percent of existing home buyers. Followed by New York and New Jersey, both with almost 46 percent cash buyers, and Alabama at 44 percent. Florida condos ranked high in cash purchases including West Palm Beach, Sarasota and Miami Beach over 50 percent.