The Tampa area ranked fifth among U.S. metro areas in prevalence of all-cash home purchases, according to a study by ATTOM Data Solutions.
In the second quarter, cash deals accounted for 43 percent of sales of Tampa-area house, townhouses and condos, ATTOM reported.
Cash deals were particularly prevalent in sales of homes for under $300,000 – a price point where many all-cash investors compete against first-time buyers.
In recent years, however, institutional investors have withdrawn from the market to a large extent as local companies and individual investors have loomed larger in cash sales. [Tampa Bay Times] – Mike Seemuth