‘Money talks’ is a very old expression, and one whose truth is often demonstrated – but only very occasionally in a truly startling fashion.
Thumbing my way through a current issue of USA Today, I spotted a Real Estate Report that some 30% of existing home sales in a recent month were all cash transactions, a pattern now seen in markets all across America. Certainly a shocker, it in fact has a simple explanation: savvy investors taking advantage of today’s major Real estate opportunities.
This trend is showing up right here in Columbia County as well – fueled by super attractive prices and still low mortgage rates, neither likely to stay that way much longer. For some, the Buying Opportunity is here, and now. Don’t miss it.
And with the beautiful weather we have been having here in Columbia County, it is a perfect time to come and check out the area. Visit our About Columbia County page to find out more about the area.
A recent article in USA Today reports that cash buyers are snapping up homes and properties in markets all over America.
Somewhat incredibly, perhaps, in a recent month all-cash buyers accounted for some 30% of existing home sales. This trend is showing up more and more – and right here in our own back yard. These are savvy investors who likely sense that prices may not remain at currently very attractive levels, and that mortgage rates have begun creeping up. Don’t let this trend slip by you – give us a call.
Also Please Don’t forget to come visit Chatham on July 9th for Summerfest. Lots of food, entertainment, and shopping. Click Here for more information.