All Cash Homebuyers Influence Grows In Portland

Dated: May 13 2014

Views: 385

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...
cb
Blog author image

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 30 years in the industry, Mark has gained experience in ....

Latest Blog Posts

How To Become A Landlord

Want to become a landlord? You’re in good company! In today’s hot housing market, rents are on the rise, which may have you wondering whether it’s time to consider becoming a landlord and

Read More

Pandemic Homebuying Remorse

When COVID-19 struck New York City, dietitian Lisa Moskovitz was living in a two-bedroom apartment in Manhattan with her commercial banker husband and 2-year-old twin boys. They had no balcony, no

Read More

Forbearances Decrease Again

For the 20th straight week, servicers’ forbearance portfolio volume dropped — this time a staggering 26 basis points, to 3.50% in the period ending July 11, per a survey from the Mortgage

Read More

What Is The Maximum Price I Can Afford For A House

Imagine you find your dream home: It has a pool, a second-floor terrace and a home office that gets just the right amount of natural sunlight. But it’s at the top of your price range, and even if

Read More