Tight supply, all-cash deals are hallmarks of South Florida residential market
From the May issue: Like the residential scene nationwide, strong demand keeps shrinking the supply of homes on the market — obviously not good for the scads of buyers out there. But the dearth of properties is driving up prices, making for very happy sellers.
The region, though, is distinguishing itself from other parts of the country with its high number of cash transactions, nearly all by international buyers. [more]