Tag Archives: Cash Home Sales

“Today’s affluent homebuyers are motivated to pay in cash because the surge in mortgage rates makes them want to avoid loans—and the high monthly interest payments that come with them—altogether,” said Redfin Economics Research Lead Chen Zhao.

CoreLogic released data on cash home sales today, finding that cash sales made up 37.9 percent of total home sales nationally in February 2015, down from last year's total of 40.6 percent. February 2015 will mark the 26th consecutive month that the share has dropped year-over-year since January 2013.