30% of Home Purchases This Year Were Paid for in Cash

Motley Fool, Aug. 31, 2021–by Maurie Backman
There’s a reason the mortgage industry exists. Most home buyers don’t have enough money to cover the entire cost of a new home — especially in today’s housing market, what with home prices being so inflated. But actually, a lot of buyers are skipping the mortgage process this year and are buying homes in cash instead.
https://www.fool.com/the-ascent/mortgages/articles/30-of-home-purchases-this-year-were-paid-for-in-cash/