Showing posts with label is cash king. Show all posts
Showing posts with label is cash king. Show all posts

Saturday, August 12, 2017

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