How Rich Homebuyers are Avoiding High Mortgage Rates

Yahoo Finance, May 13, 2024–Janna Herron
The all-cash deal is back in vogue for homebuyers, a shift that favors the wealthy.

Luxury housing markets in New York and Florida are boasting near record-high shares of transactions paid in cash, according to first quarter data from real estate appraisal and consulting firm Miller Samuel Inc.
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