Southeast Florida’s real estate landscape is experiencing a surge in cash buyers, driven by rising mortgage rates and a continued influx of affluent out-of-state and international purchasers. Cash transactions now constitute a significant portion of the market, particularly in the high-end segment of properties valued at $1 million or more. This shift is most pronounced in condo and townhome sales, where supply is better matched with demand for luxury properties, and the impact of rising mortgage rates is less pronounced compared to the lower-priced market segment.
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Miami Real Estate Blog 