Florida leads nation in cash home sales

Cash is still king in Florida’s housing market.

Florida ranked No. 1 in the nation in cash home sales in June, totaling 51 percent of all the state’s closings, according to CoreLogic.

Cash deals accounted for 58.7 percent of home sales in the Miami-Miami Beach-Kendall area in June and 58.5 percent in the Fort Lauderdale-Pompano Beach-Deerfield Beach area, the Irvine, Calif.-based data firm said.

Nationally, cash sales fell to 33 percent of total home sales, the lowest level since September 2008, when the financial crisis struck.