Investor Central

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Wednesday, August 7, 2013

Housing Markets Where Cash is King

"If you want to buy a house in Nevada you better bring cash," states this recent article from CNN Money. Although not entirely true, 58% of total June sales in Nevada were made in all-cash, according to RealtyTrac. That's quite a convincing percentage!
But it's not just Nevada that is seeing a heavy surge of cash-only deals, various states across the country have also been affected. Vermont, the highest of them all, recorded its all-cash deals for the month of June at an astounding 80% of total sales.

Nationwide, cash deals made up 30% of total home sales in June.

Check out the article for more stats:


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