Across the country, buying a home in cash is increasingly common.
In April, buyers paid entirely in cash for 64 percent of the homes sold in Manhattan, according to Marketproof, a provider of New York City real estate data.
In contrast, cash buyers accounted for 39 percent of April sales in large U.S. metro areas, according to ATTOM, which provides national real estate data.
(Manhattan was a similar outlier even within New York City.)
In New York, “cash buyer” might bring to mind an oligarch who parks millions in a palatial apartment that sits empty most of the year.
Persons:
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Organizations:
New York, New York Times
Locations:
Manhattan, New, New York City, U.S, New York