Big cities where most home buyers are paying cash — no mortgage

Big cities where most home buyers are paying cash — no mortgage

 

In this city, 69 percent of home buyers paid all cash last month.All-cash home sales jumped in August, making up nearly half of residential real estatetransactions, according to data just released by the real estate data firm RealtyTrac.

Last month, 45 percent of sales were all cash. The last time the nation cracked the 40 percent barrier for all-cash sales was more than a year ago. All-cash transactions are at the highest level they’ve been since March 2012, when they hit 52%. And in the following 11 big metro areas last month with populations of a million or more, most home sales were all-cash transactions,RealtyTrac reported Thursday.

11. New Orleans-Metairie-Kenner, LA

Percentage of sales that were all cash in August: 51%
… in July: 36%
… a year ago, in August 2012: 34%

 


 

10. Atlanta-Sandy Springs-Marietta, GA

Percentage of sales that were all cash in August: 52%
… in July: 49%
… a year ago, in August 2012: 36%

 

 


 

(tie) 8. Memphis, TN-MS-AR

Percentage of sales that were all cash in August: 53%
… in July: 40%
… a year ago, in August 2012: 44%

 

 


 

(tie) 8. Cincinnati-Middletown, OH-KY-IN

Percentage of sales that were all cash in August: 53%
… in July: 42%
… a year ago, in August 2012: 35%

 


 

7. Kansas City, MO-KS

Percentage of sales that were all cash in August: 54%
… in July: 34%
… a year ago, in August 2012: not available

 

 


 

6. Orlando-Kissimmee, FL

Percentage of sales that were all cash in August: 63%
… in July: 55%
… a year ago, in August 2012: 43%

 

 


 

5. Tampa-St. Petersburg-Clearwater, FL

Percentage of sales that were all cash in August: 64%
… in July: 60%
… a year ago, in August 2012: 53%

 

 


 

4. Jacksonville, FL

Percentage of sales that were all cash in August: 65%
… in July: 61%
… a year ago, in August 2012: 47%

[Also on Yahoo Homes: Cities with the most abandoned homes (No. 2: Jacksonville)]

 


 

3. Las Vegas-Paradise, NV

Percentage of sales that were all cash in August: 66%
… in July: 68%
… a year ago, in August 2012: 52%

 

 


 

2. Detroit-Warren-Livonia, MI

Percentage of sales that were all cash in August: 68%
… in July: 59%
… a year ago, in August 2012: 59%

[Also on Yahoo Homes: Detroit can’t give away Eminem’s childhood home | Photos: Hard times in Detroit]

 


 

1. Miami-Fort Lauderdale-Pompano Beach, FL

Percentage of sales that were all cash in August: 69%
… in July: 67%
… a year ago, in August 2012: 62%

By Jennifer Karmon | Spaces – 3 hours ago

About Nathan Neely

Nathan Neely is ranked in the top 1% of all agents on Trulia! Here is his quote: "My name is Nathan Neely, and I have been putting smiles on people's faces by finding the perfect home for over ten years. The best part of my job arrives each time I hand over the keys to an excited buyer, and this huge smile and glimmer in his/her eyes appears."

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