Fla. leads nation in cash real estate purchases

ORLANDO, Fla. - Cold hard cash is the payment method of choice for Florida real estate buyers.

New figures released Friday show that Florida leads the nation in cash purchases of real estate.

Figures from the real estate site RealtyTrac shows that almost two-thirds of real estate purchases in Florida were cash sales in November.

A big reason for that is the number of institutional investors buying real estate in the Sunshine State.

RealtyTrac says the Jacksonville and Fort Myers real estate markets had some of the nation's highest share of real estate purchases by institutional investors.

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