US Housing Update Cash Sales Up Delinquency Rate Down

Dated: 01/19/2014

Views: 416

National Housing Update

US Housing UpdatejpgCash Sales - Real Estate by Statejpg

High cash sales is a sign that even with historically low interest rates, the difficulty of lender is keeping many buyers to pay cash for homes.  Not all are investors.  Many retirement agent buyers pay cash for their homes, especially when they downsize from a larger home to a small one.  
Expect to see high cash sales ratios in areas like Florida where many people go to retire.  

Mike Turner

Trivia about Mike: Prior to working in real estate, Mike worked for few years on movies and TV shows around the world as a Camera Boat Operator and Marine Logistics Coordinator, including the TV serie....

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