Miami leads the way for cash transactions in the US

A report released by earlier this year, which cited the Confidence Index from the National Association of Realtors, placed Miami as the top city in the country for all-cash purchases. This should come as no surprise to anyone as the real estate market in Miami is dominated by foreign buyers who prefer to make their purchases in cash.

In the 2nd quarter alone this year, more than 64 percent of the homes sold in the Miami metro area were purchased in all-cash transactions. Those numbers figure to remain relatively the same in the 3rd quarter as well. Those figures would keep Miami atop the nation in cash sale transactions.

Cash is King Shopping Money Vs Credit Buy Power Currency

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