{"id":46480,"date":"2011-03-03T06:17:20","date_gmt":"2011-03-03T06:17:20","guid":{"rendered":"http:\/\/therealestatemango.com\/2011\/03\/03\/cash-is-king-54-of-all-home-purchases-in-palm-beach-broward-miami-dade-were-cash-in-2010\/"},"modified":"2019-04-23T20:52:24","modified_gmt":"2019-04-23T20:52:24","slug":"cash-is-king-54-of-all-home-purchases-in-palm-beach-broward-miami-dade-were-cash-in-2010","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/cash-is-king-54-of-all-home-purchases-in-palm-beach-broward-miami-dade-were-cash-in-2010\/","title":{"rendered":"Cash Is King&#8230;54% Of All Home Purchases In Palm Beach, Broward, Miami Dade Were Cash In 2010"},"content":{"rendered":"<p><span style=\"color: #800000\"><a href=\"http:\/\/therealestatemango.com\/files\/2011\/03\/cash.jpg\"><img loading=\"lazy\" class=\"alignleft size-medium wp-image-1405\" src=\"http:\/\/therealestatemango.com\/files\/2011\/03\/cash-300x300.jpg\" alt=\"3d blowing cash\" width=\"300\" height=\"300\" \/><\/a>Cash is the predominate financing vehicle in the real estate market in South Florida.\u00a0 About 7,530 homes and condos between October and December of 2010 were cash transactions according to an article in the <a title=\"Cash Is King\" href=\"http:\/\/www.palmbeachpost.com\/money\/real-estate\/cash-home-sales-dominate-market-1291182.html\" target=\"_blank\" rel=\"noopener noreferrer\">Palm Beach Post<\/a>, quoting statistics from te real estate analysis at Zwillow.<\/span><\/p>\n<p><span style=\"color: #800000\">Most of these purchases were second homes with investors and international buyers driving the trend.<\/span><\/p>\n<p><span style=\"color: #000000\">Stricter lending standards are part of the story.\u00a0 Another part is the difference in the exchange rates.\u00a0 For example, the Canadian dollar is worth more than the American dollar for the first time in decades.<\/span><\/p>\n<p><span style=\"color: #000000\">Brazil is also a big player in our real estate market.<\/span><\/p>\n<p><span style=\"color: #000000\">Many domestic buyers find that real estate is becoming a good investment again, since interest rates at our banks is less than 2%.<\/span><\/p>\n<p><span style=\"color: #000000\">Cash also brings power to the table.\u00a0 Many times the asking price can be reduced with the incentive of a no strings attached, quick, all cash deal.<\/span><\/p>\n<p><span style=\"color: #000000\"> <\/span><\/p>\n<p><span style=\"color: #000000\"> <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cash is the predominate financing vehicle in the real estate market in South Florida.\u00a0 About 7,530 homes and condos between October and December of 2010 were cash transactions according to an article in the Palm Beach Post, quoting statistics from te real estate analysis at Zwillow. Most of these purchases were second homes with investors<\/p>\n<p class=\"more-link\"><a href=\"https:\/\/ewmrealestate.com\/blog\/cash-is-king-54-of-all-home-purchases-in-palm-beach-broward-miami-dade-were-cash-in-2010\/\" class=\"themebutton2\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[11767],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cash Is King...54% Of All Home Purchases In Palm Beach, Broward, Miami Dade Were Cash In 2010 - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/cash-is-king-54-of-all-home-purchases-in-palm-beach-broward-miami-dade-were-cash-in-2010\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cash Is King...54% Of All Home Purchases In Palm Beach, Broward, Miami Dade Were Cash In 2010 - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"Cash is the predominate financing vehicle in the real estate market in South Florida.\u00a0 About 7,530 homes and condos between October and December of 2010 were cash transactions according to an article in the Palm Beach Post, quoting statistics from te real estate analysis at Zwillow. 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