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Business Beat: Cash-only house buys increasing in Santa Fe

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BRUCE KRASNOW

Business Beat

Posted: Monday, September 2, 2013 8:00 pm | Updated: 1:34 am, Tue Sep 3, 2013.

There may not be any hard data yet, but Santa Fe seems to be following the national trend of having more homes sold with cash-only transactions.

Agents around the United States starting noticing the change when interest rates shot up in mid-June and now numbers for July show 40 percent all-cash sales in 2013 compared with 31 percent in July 2012, according to RealtyTrac. Other financial groups are seeing a like trend, according to Alan and Anne Vorenberg, who post on the Santa Fe Beautiful Homes blog at Sotheby’s International Realty.

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