29% of u.s. home purchases are made in cash, essentially flat from a year ago

Seattle--(business wire)--just under three in 10 (28.8%) u.s. homebuyers paid in all cash in august, down just incrementally from 29% a year earlier, according to a new report from redfin, the real estate brokerage powered by rocket. the prevalence of all-cash payments peaked at nearly 35% in late 2023 and early 2024 because mortgage rates peaked in the high-7% range during that time. buyers were inclined to pay in cash— if they could afford it—to avoid high monthly interest payments. when mort.
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