Uncategorized November 13, 2021

Housing Markets With Largest Surge in Cash Sales

All-cash purchases rose to their highest level since the first quarter of 2015, according to a new report released by ATTOM Data Solutions, a real estate data firm. All-cash purchases comprised 34% of all single-family house and condo sales in the third quarter. In some markets, all-cash transactions represented more than half of sales.

Cash sales represented the largest share of all transactions in the third quarter in Sacramento, CA. Bay Area, CA Columbus, Ga. Atlanta Macon, Ga.  All-cash sales have risen the most in Atlanta and Detroit over the last year.

A bar chart showing the top 10 U.S. markets with the greatest annual increases in share of cash sales for Q3 2021