Buyers Turn to Cash and Higher Down Payments to Snag Homes
Pro Builder
APRIL 27, 2021
NAR notes this widens the wealth and income divide among those who are financially wealthy and those yet to build up wealth. The share of cash sales has trended downwards since 2013, but it appears to be rising again, to 23% in March and to an average of 21% of sales in the first quarter of 2021, up from 18% in 2020.2. Read More. .
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