Reflecting mid-market squeeze, South Florida placed highest in cash home sales

In Palm Beach County’s housing market, cash is still king — and its supremacy continues to pose tests for middle-class buyers.
Nearly two-thirds of Palm Beach County home sales in the second quarter closed without mortgages, a research firm said in a report to be released today. Among the nation’s 100 largest metro areas, South Florida — Miami-Dade, Broward and Palm Beach counties — claims the prime share of cash deals.