Cash Buyers Hit Record High
NBC News reports that all-cash deals have hit a record 43% of total home sales for the first quater of 2014.
Dwell360's clients have been experiencing first-hand the highly competitive real estate market in metro Boston this year - and these new statistics show similar situations in markets across the country.
More homebuyers than ever are paying with all cash. The National Association of Realtors reports that downsizing baby boomers are contributing to this trend, and RealtyTrac adds that some markets are influenced heavily by foreign buyers.
"It's making it harder for an ordinary single family who's getting a mortgage to compete as a buyer, especially given how constrained inventory is, and that's making for frustrated buyers in a lot of these seller's markets," said Spencer Rascoff, CEO of Zillow, an online real estate marketing and data company. Click here to read the full NBC News article.
Click here to watch Today: How to compete with all-cash buyers
In this market you need an experienced negotiator by your side - contact Dwell360 today!
Dwell360 is a residential real estate firm based in Newton, Massachusetts, servicing the cities and suburbs of metro Boston. We are focused on our customers and our experience in the residential real estate market is extensive. Search for homes in Massachusetts and then give us a call.
