Redfin, Seattle, reported 33.4% of home purchases in April were all-cash, almost the highest share in nine years and up from 30.7% in April 2022.
Tag: All-Cash Sales
Nearly 1/3 of Homes Bought All-Cash as Buyers Gain Upper Hand
Redfin, Seattle, reported nearly one-third (31.4%) of U.S. home purchases were paid for with all cash in July, near the eight-year high reached in February and up from 27.5% a year earlier. In a separate report, Redfin said higher interest rates have given home buyers the upper hand after several years of a “sellers’ market.”