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5.3

Cash-heavy real estate transactions sustain Miami-Dade and Broward market activity

Non-mortgage transactions accounted for nearly 40% of real estate sales in Miami-Dade and Broward counties during June, significantly outpacing the national average. This high volume of cash purchases has insulated local property markets from the dampening effects of elevated mortgage rates near 6.5%.

Infobaeabout 2 hours agoUSCredibility 30%View source

Score Breakdown

Mosaic Score5.3
Confidence0.9
Significance0.5
Source credibility0.3

Intelligence Tags

#real estate#mortgage rates#housing market#florida#cash transactions

Locations

Miami-DadeBroward

Entities

country
Source

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