Cash buyers are still out there, except in DC

Only 13.6 percent of DC buyers use cash for homes
  • The cash rate for home purchases in the DC area is the lowest in the country.
  • Cash sales have been trending down since January 2013.
  • Retirees take their cash to Florida to buy homes, with cash buys at or near 50 percent.

Many only dream of plunking down a wad of hard, cold cash to buy a home, but a substantial number of homebuyers still do it. Just not in our nation’s capitol.