We are seeing alot more investors leaving the sidelines and joining in the the greatest buyer opportunity in the last 20 years. Although we have seen some big down turns in many, if not all markets, the investors flush with cash are starting to take advantage of this part of the housing cycle. Usually in a down market there are more cash sales. This is certainly the case this time around. Cash buyers demand a discount off the listing price, and many times they will get it.
Cities in Florida, Cal, and Las Vegas are seeing the largest increase in cash transactions.
Many Florida Realtors feel this will continue as the market travels through this part of the cycle.
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