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Florida Leads the Nation in Cash Real Estate Purchases

Florida Leads the Nation in Cash Real Estate Purchases

Cold hard cash is the payment method of choice for Florida real estate buyers.
 
New figures released Friday show that Florida leads the nation in cash purchases of real estate.
 
Figures from the real estate site RealtyTrac shows that almost two-thirds of real estate purchases in Florida were cash sales in November.
 
A big reason for that is the number of institutional investors buying real estate in the Sunshine State.


Copyright: AP

 

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