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Cash Tsunami Keeps On Keepin’ On

…All cash remains the rule in most markets, Miller Samuel prez Jonathan Miller tells us, but especially Miami, where three-quarters of the deals trade that way. One side effect of the high-volume cash market, Jonathan says, is dwindling inventory, driving prices higher.

Douglas Elliman’s reports on the Q2 Boca Raton, Fort Lauderdale, Miami-Dade, and Palm Beach condo markets, which Jonathan prepared, were released today…

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#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
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