All Cash Homebuyers Influence Grows In Portland

Dated: 05/13/2014

Views: 340

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 25+ years in the industry, Mark has gained experience in....

Latest Blog Posts

5 Red Flags That Could Sink A Home Inspection

You’ve found the perfect house, located right near that cool new shopping area and the best schools. It even has the right number of bathrooms! Swoon. It's time to sign the paperwork and move...

Read More

Why Are More Seniors Holding Onto Mortgage Debt

Study sheds light on factors influencing older homeownersFewer older homeowners are paying off their mortgages in retirement, and some are worried the trend may have a lasting impact on the

Read More

Homebuilder Confidence Holds Its Ground

Although cost causes concern, demand is persistentAlthough homebuilders still fear increasing material costs, homebuilder confidence remained unchanged at 67 in September, according to the National

Read More

Mortgage Rates Hit 6 Week High With Housing Market At A Crossroad

Rates for home loans rose to a six-week high as upbeat economic data and a bulging deficit spurred a yield-lifting bond sell-off and big questions gripped the housing market.The 30-year fixed-rate

Read More