On the money: San Antonio leads in all-cash home salesOn the money: San Antonio leads in all-cash home saleshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=47882014-02-28T14:17:00Z2014-02-28T10:00:00Z

SAN ANTONIO - The city's seeing a healthy share of buyers with cash in hand — literally. In San Antonio, 42.3 percent of all home sales in January were all-cash transactions, according to the January 2014 Residential & Foreclosure Sales Report by RealtyTrac.

By comparison, all-cash buyers accounted for 40.7 percent of homes sales in the Dallas-Fort Worth-Arlington metro area, and for 41.9 percent of the buyers in the Houston-Sugar Land-Baytown metro area. Austin-Round Rock had the smallest share of all-cash buyers which accounted for 27.6 percent of home sales.

San Antonio did however, have the lowest share of institutional investors — defined as those entities purchasing at least ten properties in a calendar year. They accounted for 3.6 percent of all home buyers in San Antonio in January 2014.

Meanwhile, institutional investors accounted for 8.4 percent and 5.3 percent of all home purchases in Dallas and Houston, respectively. Austin had the highest share of institutional investors which accounted for 18 percent of all home sales in January.

San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/blog/2014/02/san-antonio-leads-the-state-in-all-cash-home-sales.htmlRead more at {Source}

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