Florida Continues To Lead In Institutional Investors
Despite a strong fourth quarter, investors and all cash buyers dropped to a four-year low in 2014.
In the past four years, Florida has led in institutional investors, followed by California, Arizona and North Carolina.
Florida, alone saw 78,155 purchases. For the first time in three years in 2014, all cash purchases have fallen below one million.
Furthermore, eight percent of cash buyers have taken out a mortgage in the last two years.