The Rise of All-Cash Home Sales in Urban Real Estate Markets.
TL;DR Summary
In some Staten Island neighborhoods, more than 40% of home sales were made with cash in 2022, according to data from Redfin. This trend is also seen across the US, with about a third of homes purchased strictly with cash. The National Association of Realtors also supports this trend, with respondents to a survey reporting that 24% of sales were all-cash in August 2022.
Topics:business#cash-purchases#home-sales#national-association-of-realtors#real-estate#redfin#staten-island
- In some Staten Island neighborhoods, more than 40% of home sales are all-cash: Data SILive.com
- New York's Empty Office Buildings Lure Rich Families Hunting Bargains Bloomberg
- All-cash offers make Charlotte's residential real estate out of reach for many Axios Charlotte
- New York City's Empty office buildings lure rich families hunting bargains Crain's New York Business
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