That’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.
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Navigating the Unchartered Waters: Rising Interest Rates in Mortgage Lending Explore how rising interest rates are affecting mortgage lending and homebuyer affordability in the current market.
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Cash Is King for Home Offers Like No Time Since 2014: Redfin
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.
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