The share of buyers purchasing properties by paying fully in cash dipped year-on-year in the United States as investors bought fewer properties amid high prices and mortgage rates, according to real estate brokerage Redfin. Investors make up a significant portion of buyers making such deals.
Redfin said cash buys made up just over 32 percent of home purchases in 2024, down from about 35 percent in 2023.
“The number of all-cash home sales dropped to its lowest level in at least a decade in 2024 as total home sales fell to historic lows,” the company said in a Feb. 18 statement.
The brokerage attributed the decline in share to investors buying fewer properties than in the past years….