Estimated reading time: 0 minutes, 19 seconds

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.

Read 852 times
Rate this item
(0 votes)
More in this category: « Bodnar of MMG: Concerns Underneath the Hood of the Jobs Report Rate Locks Drop During Prime Homebuying Season: Black Knight »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline