{"id":1969,"date":"2017-03-15T00:00:00","date_gmt":"2017-03-15T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/not-all-cash-buyers-have-high-incomes\/"},"modified":"2017-03-15T00:00:00","modified_gmt":"2017-03-15T00:00:00","slug":"not-all-cash-buyers-have-high-incomes","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/not-all-cash-buyers-have-high-incomes\/","title":{"rendered":"Not All Cash Buyers Have High Incomes"},"content":{"rendered":"

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Don\u2019t assume your clients need\u00a0a high income to avoid a mortgage<\/a>. The Pennsylvania Association of REALTORS\u00ae’ Welcome Home Survey for the first quarter of 2017 shows older people with lower incomes are paying in cash in higher\u00a0numbers than most would assume.<\/p>\n

\u201cWhile is seems counterintuitive that one in three buyers with incomes under $50,000 reported buying homes in cash, age may be driving a higher share of lower-income respondents reporting cash-only purchases,\u201d says PAR President Kathy McQuilkin. \u201cThe survey showed 75 percent of cash-only buyers were over 50 years old.\u201d<\/p>\n

Cash-only purchases dropped overall in the state to historical averages in the first quarter of 2017.\u00a0<\/p>\n

Source: Pennsylvania Association of REALTORS\u00ae<\/em><\/p>\n<\/div>\n<\/div>\n

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Don\u2019t assume your clients need\u00a0a high income to avoid a mortgage. The Pennsylvania Association of REALTORS\u00ae’ … Not All Cash Buyers Have High Incomes<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1970,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[1403,15239,12908,543,127,408,41,818],"class_list":["post-1969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-buy","tag-chase","tag-home","tag-home-buying-guide","tag-homes","tag-mortgage","tag-property","tag-real"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":7533,"url":"https:\/\/amazingproperty.com.ng\/blog\/consumers-have-doubts-despite-strong-economy\/","url_meta":{"origin":1969,"position":0},"title":"Consumers Have Doubts Despite Strong Economy","author":"Amazing Property","date":"December 18, 2017","format":false,"excerpt":"More households are feeling the strain in their personal financial situations and losing confidence in the housing market, even as the country sees solid job growth and record gains in the stock market, according to the National Association of REALTORS\u00ae\u2019 fourth-quarter Housing Opportunities and Market Experience (HOME) survey, based on\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Q4 Home Survey Infographic.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/Q4-HOME-Survey-Infographic.png?fit=375%2C1200&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8063,"url":"https:\/\/amazingproperty.com.ng\/blog\/renters-are-getting-frustrated\/","url_meta":{"origin":1969,"position":1},"title":"Renters Are Getting Frustrated","author":"Amazing Property","date":"February 7, 2018","format":false,"excerpt":"The majority of renters say they want to own a home in the future and believe that homeownership is a critical piece of the American dream. 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