All-Cash Home Purchases Hit 3-Year Low: Report

Four of the top five metros with the highest share of such home purchases last year were in Florida.
All-Cash Home Purchases Hit 3-Year Low: Report
A home advertised for sale in a residential neighborhood in San Jose, Calif., on Aug. 15, 2024. Loren Elliott/Getty Images
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The share of buyers purchasing properties by paying fully in cash dipped year-on-year in the United States as investors bought fewer properties amid high prices and mortgage rates, according to real estate brokerage Redfin. Investors make up a significant portion of buyers making such deals.

Redfin said cash buys made up just over 32 percent of home purchases in 2024, down from about 35 percent in 2023.

Naveen Athrappully
Naveen Athrappully
Reporter
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.