Buying Homes with Cash: How Many Homes are Cash vs Financing?

An analysis of the number of homes purchased with cash vs a mortgage loan. This data comes from Charlotte, but is representative of the housing market in general. What is surprising is that over 1/4 of all homes are purchased with cash while the rest were mortgages.

The trend of cash purchases will continue and even become a higher percentage of the total number of homes purchases especially since mortgage rates are at the highest rate since 2008. These cash buyers come from mostly hedge funds and regular investors, while a few are ibuyers such as opendoor.

Data borrowed from Trevor K Smith’s YouTube channel    / @trevorsmith-them…  

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