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Cash Is King for Home Offers Like No Time Since 2014: Redfin

Friday, Jun 09 2023
Lending
Written by  The Mortgage Leader

A new study by Redfin has found that an estimated 33.4% of U.S. home purchases in April were conducted in cash, the biggest share since 2014. So reports DSNews.

refinance dollars 31085 640 smallThat’s up from a 30.7% share in April 2022. Higher interest rates and tough competition for the low supply of homes for sales are among factors supporting cash’s rule, according to Redfin.

Read the full article from DSNews.

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