Fla. Leads US In Cash Sales Of Homes, Report Says

Law360, New York (November 26, 2013, 6:30 PM EST) -- Florida and its metropolitan areas' residential real estate markets continue to rank among the most heavily affected by distressed home sales in the nation, and also led in terms of all-cash sales in October, according to the latest U.S. Residential & Foreclosure Sales Report from RealtyTrac.

Florida's position is consistent with its prominence in foreclosure rates. With one in every 332 housing units in Florida the subject of a foreclosure action in October, the Sunshine State remained far ahead of Nevada (1 in every 407) and...
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