Majority of Florida home sales still all-cash

Cash still rules South Florida real estate. In June, Florida ranked No. 1 in the nation in cash home sales, according to CoreLogic.

Some 51 percent of all closings in the state were paid for with cash in June, according to the Miami Herald.

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And cash deals accounted for 58.7 percent of home sales in the Miami-Miami Beach-Kendall area in June, and 58.5 percent in the Fort Lauderdale-Pompano Beach-Deerfield Beach area, the CoreLogic data showed.

Nationally, cash sales fell to 33 percent of total home sales, the lowest level since September 2008, when the financial crisis struck. [Miami Herald]Christopher Cameron