The Washington Post, February 9, 2023, See How Many All-Cash Buyers Snagged Houses in Your Neighborhood
Rising interest rates, soaring home prices and decreasing inventory aren’t the only things making it difficult to buy a home these days.
Last year, nearly a third of U.S. homes were purchased with cash,according to data provided by the realty company Redfin. That’s an 8 percent increase from 2021, continuing a trend that started during the pandemic. The share of homes bought with cash is now at levels not seen since 2014, when the housing market was on the rebound after the foreclosure crisis and the Great Recession.
