Is Cash King? Certainly in Some Bay Area Housing Markets

From the Pacific Union blog:
Summary:
Bay Area all cash buyers are more likely to purchase higher-end homes.
46% of Bay Area transactions above $3 million were all-cash deals and 41% of transactions between $2 and $3 million were all cash.
Napa and Sonoma counties have the highest shares of all cash buyers in the Bay Area.
All cash buyers are more likely to purchase a home for investment/tax advantages.
Bay Area mortgaged buyers have the highest credit scores and lowest loan to value ratios among US metropolitan areas!  Read more:  http://bit.ly/2vZZNV. For more information on buying and selling a home in your area, call FRITZ