Realtors say mortgage insurance pricing hundreds of thousands out of the market.
In South Florida, 69% of all home sales this summer were cash, with a statewide rate of 66% according to data from RealtyTrac.
National Association of Realtors says sellers market continues.
Three weeks after a Florida agency purchase, Prudential PenFed Realty is set to buy another realty company in Kansas.
Prudential PenFed Realty, a wholly owned subsidiary of PenFed, said it has acquired Prudential Coastal Properties, a Florida-based agency.
The Federal Reserve Board said commercial real estate market conditions have held steady or improved in nearly all 12 of its districts in recent weeks.
New guidelines permit some homeowners with a Fannie Mae or Freddie Mac mortgage to sell their home in a short sale even if current.
National Association of Realtors says signs of economic recovery continue.
Existing home sales increased 4% in November, every region reported positive sales growth and year-over-year sales were up in all four regions, trade group says.
In another sign of the sluggish economy, existing home sales fell 3.5% in July from the month before, the National Association of Realtors said Thursday.