Cash Is King For Home Sales

 

Cash Is King For Home Sales

 

One-Third of U.S. Homebuyers Are Paying in Cash, the Highest Share in Nearly a Decade All-cash home purchases have reached their highest level since 2014 One-third (33.4%) of U.S. home purchases were made in cash in April,  up from 30.7% a year earlier and the highest share in nine years All-cash purchases are making up a bigger portion of the homebuying pie for one major reason: Competition among homebuyers is a smaller but still noteworthy reason for the uptick in all-cash sales. A lack of homes for sale is prompting competition in some metro areas, motivating buyers to make all-cash offers to win homes.