MarketWatchMonday | September 5th

#MarketWatchMonday Time! Cash sales represented 41.3% of Miami closed sales in July 2022, compared to 38.9% in July 2021. About 24% of U.S. home sales are made in cash, according to the latest NAR statistics. Rising rates have no effect on cash purchasers. The high percentage of cash buyers is a reflection of Miami's top ranking as the leading American real estate market for foreign buyers, who frequently pay in full up front. Some of these buyers are also relocating from more expensive U.S. markets where they can purchase more thanks to their real estate sales proceeds