Also, we have a LOT more snow this year!!!!
I hope you all had a wonderful Thanksgiving.
As written in a recent article in the Park record, According to the National Association of Realtors, 29 percent of real estate nationally in September was paid for with cash. On the West Side of Summit County, 50 percent was. About 35 percent of single-family homes, over 50 percent of condominiums and nearly 80 percent of land sales were paid for with cash in the 3rd quarter.
For perspective, Klein compares that to the same period in 2007. In three years, that’s a 65-percent increase for homes, double for condos and up 150 percent for land.
These cash purchases are usually for distressed properties, which continue to threaten the health of the market,…