Purchasing your new home with cash?

We’ve been paying attention to this trend in our offices….buyers purchasing their homes with cash.  The KCM Crew published this infographic today depicting the percentage of all cash real estate transactions in September of 2013.  New Jersey, Pennsylvania and New York showed cash sales ranging between 36% and 56% of total real estate transactions that month.  While this increase can be attributed to an influx of investors, foreign buyers and wealthy homebuyers – it is definitely a trend to keep an eye on as first time homebuyers try to compete in the market.

All Cash Real Estate Sales State by State