C.R.E.A.M.: Cash rules everything around (the) market – Robert Khodadadian

, C.R.E.A.M.: Cash rules everything around (the) market – Robert Khodadadian, Robert Khodadadian

Mo’ money, mo’ problems? Not if you’re a cash buyer in today’s housing market. The share of homes purchased entirely with cash rose to 31.9 percent in October, according to a recent report from Redfin. Up two percentage points from a year earlier, the share of all-cash purchases reached its highest level since 2014, the brokerage reported. All-cash home purchases cratered at the start of the pandemic, representing just 20.1 percent of purchases in April

 Mo’ money, mo’ problems? Not if you’re a cash buyer in today’s housing market. The share of homes purchased entirely with cash rose to 31.9 percent in October, according to a recent report from Redfin. Up two percentage points from a year earlier, the share of all-cash purchases reached its highest level since 2014, the brokerage reported. All-cash home purchases cratered at the start of the pandemic, representing just 20.1 percent of purchases in April
The post C.R.E.A.M.: Cash rules everything around (the) market appeared first on New York.  Home Page, Residential Real Estate, Housing Market, Mortgage Rates, redfin The Real Deal New York 

Lead by real estate veteran Robert Khodadadian, has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

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