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Twin Cities Cash Home Purchases At Record-Breaking Levels

June 20, 2011 by Leave a Comment
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The Twin Cities continues to see spectacular demand from cash home buyers this year and is on track to make 2011 the biggest year ever for cash home purchases.  Since the 1st of this year, fully 1 in 4 home sales recorded by the RMLS of MN have been cash sales - 3600+ and counting so far this year! Cash buyers are often investors, but not all of them are.  Some investors are buying to turn homes into rentals, which in this market is a growing need, while other investors are buying these homes and then fixing them … [Read more...]

Filed Under: Crystal Ball Projections, Foreclosures and Short Sales, Info for Buyers, Info for Sellers, investors, Market Stats Tagged With: , ,

Cash Buyers Nearly 30% of All February Twin Cities Home Sales

March 30, 2011 by 2 Comments
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February 2011 saw a new record for the percentage of homes sold to cash buyers: a whopping 28.3% of all homes that closed in the month were purchased with cash.  Further, it also represents the largest number of units sold to cash buyers for the month of February: 624 homes sold in February 2011 to cash buyers, versus 514 homes during the same time last year and 438 in February 2009.While some people complain about cash buyers (the majority are investors buying for rental or rehab & resale) competing with … [Read more...]

Filed Under: Community Issues, Foreclosures and Short Sales, Info for Buyers, Info for Sellers, investors, Market Stats Tagged With:

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This website is a service of Aaron Dickinson of Edina Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.