Redfin, Seattle, reported that the percentage of U.S. home purchases made in cash fell to 32.6% in 2024, a three-year low.
Tag: Cash
ATTOM: 2023 Home Selling Profits Still High, but Drop for First Time Since 2011
ATTOM, Irvine, Calif., released its Year-End 2023 U.S. Home Sales Report, highlighting that home sellers garnered $121,000 in profit on a typical home, and a 56.5% return on investment, in 2023.
Americans Now Lean Toward Stocks, Not Housing, As Favorite Long-Term Investment
Real estate, long the favorite way to invest and for many a path to wealth, fell to second place this year as more Americans take a gamble on the stock market, according to a new report from Bankrate.com, New York.