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Cash Purchases

All articles tagged with #cash purchases

real-estate6 months ago•3 min saved

Luxury Real Estate Market Sees Cash Dominance and Continued High Demand

The luxury real estate market is experiencing a split due to economic uncertainty, with ultra-wealthy buyers ($30 million+ net worth) continuing to make large cash purchases and drive market activity, while less wealthy buyers are more cautious and sensitive to interest rates. Despite overall sales fluctuations and price reductions, high-end buyers see real estate as a safe asset and are demanding more luxurious amenities, reflecting a shift in buyer behavior in a volatile economic environment.

via CNBC|

#cash-purchases #economic-uncertainty #high-net-worth-buyers

real-estate2 years ago•2 min saved

Luxury Market Thrives Amidst Record Low U.S. Home Sales

Despite a 13-year low in overall home sales and an increase in existing home prices, the luxury real estate market remains strong. In the third quarter of 2023, the luxury market grew at three times the rate of the mainstream market, with a record high median price of $1.1 million, up 9 percent from last year. Cash purchases accounted for 42.5 percent of luxury home sales, allowing wealthy buyers to weather high mortgage rates. Affluent Americans continue to spend big due to pandemic savings and resilient housing and stock values.

via Robb Report|

#cash-purchases #high-net-worth-buyers #home-prices

real-estate2 years ago•0 min saved

The Rise of All-Cash Home Sales in Urban Real Estate Markets.

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.

via SILive.com|

#cash-purchases #home-sales #national-association-of-realtors