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When buyers pay cash for properties in New York
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In April, buyers paid entirely in cash for 64 per cent of the homes sold in Manhattan.
PHOTO: NYTIMES
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NEW YORK – Across the country, buying a home in cash is increasingly common. In Manhattan, it has become the standard.
In April, buyers paid entirely in cash for 64 per cent 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 per cent of April sales in large US metro areas, according to Attom, which provides national real estate data.
