All Cash Homebuyers Influence Grows In Portland

Dated: May 13 2014

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Even as big-money buyers are stepping back from the real estate market, buyers paying all cash still account for a growing chunk of home sales.

All-cash buyers were behind 28.2 percent of Portland-area home sales during the year's first quarter, according to real estate listings website RealtyTrac. That's up from 16.3 percent of sales a year earlier, though down from 29 percent in the late summer of 2013.

Those buyers are often buying properties for investment purposes — to flip or to rent out, for example. Homebuilders looking for redevelopment sites are also buying houses and typically pay cash.
"There's just a lot of money being made in the real estate market right now," Portland broker Nick Krautter said. "So you have a lot investors flushing money into the real estate market." Read More Here...
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Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....

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