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Miami-area home sales jumped 15.4 percent in the second quarter: Douglas Elliman

…“The second quarter of the Miami housing market reflected the continuing momentum of the market,” real estate appraiser Jonathan Miller told The Real Deal. “More sales closed in the second quarter than during any other quarter since 2006, when we began tracking the market,” he said….

…A majority of Miami-area sales — 63.5 percent — in the second quarter were all-cash deals. Notably, nearly three out of four non-distressed sales were all-cash, Miller said, which “perhaps makes Miami better able to absorb the mortgage rate rise than most U.S. metro areas.”…

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