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> Who buys a house in cash? You mean literal suitcases of dollar bills? Not literal suitcases of dollar bills, no. Buying with cash here means without taking o
by chucksmash 4y ago
> Who buys a house in cash? You mean literal suitcases of dollar bills?
Not literal suitcases of dollar bills, no. Buying with cash here means without taking out a mortgage.
To answer the first question about who buys a house in cash, 28% of buyers do so[1]:
> All-cash sales accounted for 28% of transactions in March, up from both the 25% recorded in February [2022] and from 23% in March 2021.
[1]: https://www.nar.realtor/newsroom/existing-home-sales-slip-2-7-in-march https://www.nar.realtor/newsroom/existing-home-sales-slip-2-...