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Record Number of Cash Transactions
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Over 25% of the residential transactions in Northern Nevada this year have been cash purchases.
If this sustains through the rest of the year, it would be the highest percentage of cash transactions in residential properties in the past 10 years.
This stat makes complete sense in my mind given interest rates. We've seen some pretty awesome deals (yes, even on market) that have been scooped up by investors with cash.
Do you think 2024 will beat the current record from 2014? What're you seeing in your market?
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Real Estate Agent Nevada (#S.0200197)
- 415-233-1796
- http://addressincome.com