Cash is King Especially in Florida

In 27 of the top 30 metros, more than one-third of all sales of the lowest-priced homes were made with cash.

In the first quarter of this year, Miami had the largest share of cash buyers in the country at nearly 65 percent of total sales, down from 71 percent in 2012. Tampa and Cleveland were close behind with 57.1 percent and 54.2 percent.

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