{"id":814012,"date":"2025-02-18T08:06:34","date_gmt":"2025-02-18T13:06:34","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/less-than-one-third-of-u-s-home-purchases-were-made-with-cash-in-2024-a-3-year-low\/"},"modified":"2025-02-18T08:06:34","modified_gmt":"2025-02-18T13:06:34","slug":"less-than-one-third-of-u-s-home-purchases-were-made-with-cash-in-2024-a-3-year-low","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/less-than-one-third-of-u-s-home-purchases-were-made-with-cash-in-2024-a-3-year-low\/","title":{"rendered":"Less Than One-Third of U.S. Home Purchases Were Made With Cash in 2024, a 3-Year Low"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl1 { padding-left: 5px }\n.bwpadr0 { padding-right: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth100 { width: 100% }\n.bwwidth33 { width: 33% }\n.bwwidth34 { width: 34% }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Less Than One-Third of U.S. Home Purchases Were Made With Cash in 2024, a 3-Year Low<\/b><\/p>\n<p class=\"bwalignc\"><i>Redfin reports the share of home purchases made in cash fell to a three-year low as the total number of all-cash purchases dropped to its lowest level in a decade<\/i><\/p>\n<p>SEATTLE&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\n(NASDAQ: RDFN) \u2014 Just under one-third (32.6%) of U.S. home purchases were made in cash in 2024, down from 35.1% the year before and the lowest share since 2021. That\u2019s according to a new <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fall-cash-sales-annual-2024&amp;esheet=54208597&amp;newsitemid=20250218326934&amp;lan=en-US&amp;anchor=report&amp;index=1&amp;md5=07080012df4a5cb1bdb71a250bcba407\">report<\/a> from Redfin (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2F&amp;esheet=54208597&amp;newsitemid=20250218326934&amp;lan=en-US&amp;anchor=redfin.com&amp;index=2&amp;md5=a6b6df178d9fa5644e571ca6da1efaeb\">redfin.com<\/a>), the technology-powered real estate brokerage. Still, all-cash sales made up a bigger piece of the homebuying pie than before the pandemic, when the share ranged from 25% to 30%.\n<\/p>\n<p>\nRedfin\u2019s report is based on its analysis of county-level home purchase records across 40 of the most populous U.S. metropolitan areas going back through 2014. Redfin defines an all-cash purchase as a home purchase with no mortgage loan information on the deed.\n<\/p>\n<p>\nOne reason the share of cash purchases fell was because investors\u2014who make up a significant proportion of all-cash buyers\u2014bought <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Finvestor-home-purchases-stabilize-q3-2024%2F&amp;esheet=54208597&amp;newsitemid=20250218326934&amp;lan=en-US&amp;anchor=fewer&amp;index=3&amp;md5=5c17dbaee00fda9a18a075cf01106e6f\">fewer<\/a> homes than they did during the past few years.\n<\/p>\n<p>\n\u201cThe rate of all-cash sales remains high because when housing is expensive\u2014like it is now\u2014wealthier Americans who can afford to pay cash are more likely than lower-income Americans to be buying homes,\u201d said Redfin Senior Economist Sheharyar Bokhari. \u201cWe are unlikely to see the share of all-cash purchases fall much lower in 2025, unless mortgage rates drop enough to drive a significant increase in sales.\u201d\n<\/p>\n<p>\nThe number of all-cash home sales dropped to its lowest level in at least a decade in 2024 as total home sales fell to <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhome-sales-turnover-2024%2F&amp;esheet=54208597&amp;newsitemid=20250218326934&amp;lan=en-US&amp;anchor=historic+lows&amp;index=4&amp;md5=66bbae74ac699b2e4a24b98ca8f661e1\">historic lows<\/a>.\n<\/p>\n<p><b>Florida metros recorded highest share of cash purchases, but the rate is dropping<\/b><\/p>\n<p>\nFlorida metros had the highest share of cash homebuyers out of the metros Redfin analyzed. First comes West Palm Beach, where just under half (49.6%) of home purchases were made in cash in 2024.\n<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td colspan=\"3\" class=\"bwvertalignt bwtopsingle bwsinglebottom bwleftsingle bwrightsingle bwpadl1\" rowspan=\"1\">\n<p class=\"bwcellpmargin\"><b>U.S. Metros With Highest Share of All-Cash Purchases (2024)<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth34\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nMetro\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nShare of All-Cash Purchases (2024)\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n2023\u21922024 YoY Change\n<\/p>\n<p class=\"bwalignc bwcellpmargin\">\n(percentage points)\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth34\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nWest Palm Beach, FL\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth33 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n49.6%\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n-1.2 ppts\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth34\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nJacksonville, FL\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth33 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n40.6%\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n-6.4 ppts\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth34\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nCleveland, OH\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth33 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n40.0%\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n-8.3 ppts\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth34\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nFort Lauderdale, FL\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth33 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n38.9%\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n-2.5 ppts\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth34\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nMiami, FL\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth33 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n38.1%\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n-3.8 ppts\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nNext came Jacksonville, FL (40.6%), Cleveland (40%), Fort Lauderdale, FL (38.9%) and Miami (38.1%). While the percentage of cash sales remains high, all of those metros saw the share fall in 2024.\n<\/p>\n<p>\nExpensive coastal metros had the lowest share of all-cash buyers, led by San Jose, CA where only 18.1% of home purchases were made in cash. Next came Oakland, CA (18.6%), Seattle (20.6%), Virginia Beach, VA (21.9%) and Los Angeles (22.2%).\n<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td colspan=\"3\" class=\"bwvertalignt bwtopsingle bwsinglebottom bwleftsingle bwrightsingle bwpadl1\" rowspan=\"1\">\n<p class=\"bwcellpmargin\"><b>U.S. Metros With Lowest Share of All-Cash Purchases (2024)<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth34\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nMetro\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nShare of All-Cash Purchases (2024)\n<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n2023\u21922024 YoY Change\n<\/p>\n<p class=\"bwalignc bwcellpmargin\">\n(percentage points)\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth34\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nSan Jose, CA\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth33 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n18.1%\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n-0.8 ppts\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth34\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nOakland, CA\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth33 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n18.6%\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n1 ppt\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth34\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nSeattle, WA\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth33 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n20.6%\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n0.1 ppts\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth34\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nVirginia Beach, VA\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth33 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n21.9%\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n-0.7 ppts\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth34\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nLos Angeles, CA\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth33 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n22.2%\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwwidth33\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n0.2 ppts\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nThe share of all-cash purchases increased most from a year earlier in Pittsburgh (+2.1 ppts), followed by Oakland, CA (+1 ppt) and New York (+1 ppt). Cleveland (-8.3 ppts), Baltimore (-6.8 ppts) and Jacksonville, FL (-6.4 ppts) saw the share of cash purchases fall most.\n<\/p>\n<p>\nTo view the full report, including charts, additional metro-level data and full methodology, please visit: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fall-cash-sales-annual-2024&amp;esheet=54208597&amp;newsitemid=20250218326934&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fall-cash-sales-annual-2024&amp;index=5&amp;md5=3e3382f87c54814b12110a135a6dd014\">https:\/\/www.redfin.com\/news\/all-cash-sales-annual-2024<\/a><\/p>\n<p><b>About Redfin<\/b><\/p>\n<p>\nRedfin (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2F&amp;esheet=54208597&amp;newsitemid=20250218326934&amp;lan=en-US&amp;anchor=www.redfin.com&amp;index=6&amp;md5=10f2806063907032abe755b748491c10\">www.redfin.com<\/a>) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance services. We run the country&#8217;s #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we&#8217;ve saved customers more than $1.6 billion in commissions. We serve approximately 100 markets across the U.S. and Canada and employ over 4,000 people.\n<\/p>\n<p>\nRedfin\u2019s subsidiaries and affiliated brands include: Bay Equity Home Loans\u00ae, Rent.\u2122, Apartment Guide\u00ae, Title Forward\u00ae and WalkScore\u00ae.\n<\/p>\n<p>\nFor more information or to contact a local Redfin real estate agent, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2F&amp;esheet=54208597&amp;newsitemid=20250218326934&amp;lan=en-US&amp;anchor=www.redfin.com&amp;index=7&amp;md5=444fb0a984362724ef67dd316eae9499\">www.redfin.com<\/a>. To learn about housing market trends and download data, visit the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fdata-center%2F&amp;esheet=54208597&amp;newsitemid=20250218326934&amp;lan=en-US&amp;anchor=Redfin+Data+Center&amp;index=8&amp;md5=4dce4dc37cd5f1d4aa23cf63df9f8370\">Redfin Data Center<\/a>. To be added to Redfin&#8217;s press release distribution list, email <a rel=\"nofollow\" href=\"mailto:press@redfin.com\">press@redfin.com<\/a>. To view Redfin&#8217;s press center, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fpress.redfin.com%2Fphoenix.zhtml%3Fc%3D252734%26p%3Dirol-overview&amp;esheet=54208597&amp;newsitemid=20250218326934&amp;lan=en-US&amp;anchor=click+here&amp;index=9&amp;md5=c19a3f77f92529b6aa29dbbb67424c0d\">click here<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250218326934r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250218326934\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250218326934\/en\/<\/a><\/span><\/p>\n<p>\nRedfin Journalist Services:<br \/>\n<br \/>Angela Cherry<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:press@redfin.com\">press@redfin.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Washington New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Residential Building &amp; Real Estate Insurance Commercial Building &amp; Real Estate Finance Construction &amp; Property Fintech<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250218326934\/en\/1407505\/3\/Redfin_Standard_Web_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Less Than One-Third of U.S. Home Purchases Were Made With Cash in 2024, a 3-Year Low Redfin reports the share of home purchases made in cash fell to a three-year low as the total number of all-cash purchases dropped to its lowest level in a decade SEATTLE&#8211;(BUSINESS WIRE)&#8211; (NASDAQ: RDFN) \u2014 Just under one-third (32.6%) of U.S. home purchases were made in cash in 2024, down from 35.1% the year before and the lowest share since 2021. That\u2019s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Still, all-cash sales made up a bigger piece of the homebuying pie than before the pandemic, when the share ranged from 25% to 30%. Redfin\u2019s report is based on &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/less-than-one-third-of-u-s-home-purchases-were-made-with-cash-in-2024-a-3-year-low\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Less Than One-Third of U.S. Home Purchases Were Made With Cash in 2024, a 3-Year Low&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-814012","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Less Than One-Third of U.S. Home Purchases Were Made With Cash in 2024, a 3-Year Low - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/less-than-one-third-of-u-s-home-purchases-were-made-with-cash-in-2024-a-3-year-low\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Less Than One-Third of U.S. Home Purchases Were Made With Cash in 2024, a 3-Year Low - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Less Than One-Third of U.S. Home Purchases Were Made With Cash in 2024, a 3-Year Low Redfin reports the share of home purchases made in cash fell to a three-year low as the total number of all-cash purchases dropped to its lowest level in a decade SEATTLE&#8211;(BUSINESS WIRE)&#8211; (NASDAQ: RDFN) \u2014 Just under one-third (32.6%) of U.S. home purchases were made in cash in 2024, down from 35.1% the year before and the lowest share since 2021. That\u2019s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Still, all-cash sales made up a bigger piece of the homebuying pie than before the pandemic, when the share ranged from 25% to 30%. 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