Florida led the nation last month with what one expert called an “astounding” rate of all-cash home sales: 66 percent, a new report shows.
The influx of cash continues to grow in one of the country’s most volatile states for real estate: Cash sales made up 57 percent of Florida’s home sales a year ago and 61 percent of all sales in June of this year, compared with the 66 percent reported in July, according to the report released today by the real estate research company RealtyTrac Inc.