WRE NEWS February 19, 2025
Seller
Slightly under one-third (32.6%) of home purchases in 2024 were all-cash transactions, according to new data from Redfin (NASDAQ: RDFN). This is down from 35.1% in 2023 and the lowest share since 2021.
Prior to the pandemic, the share of all-cash sales ranged from 25% to 30%. Redfin attributed last year’s decline to a smaller quantity of investors making purchases compared to previous years.
“The rate of all-cash sales remains high because when housing is expensive – like it is now – wealthier Americans who can afford to pay cash are more likely than lower-income Americans to be buying homes,” said Redfin Senior Economist Sheharyar Bokhari. “We 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.”
Florida metros had the highest share of cash homebuyers out of the markets Redfin analyzed, most notably in West Palm Beach (49.6%) and Jacksonville (40.6%). California’s Bay Area had the lowest share of all-cash buyers with San Jose (18.1%) and Oakland (18.6%).
Stay up to date on the latest real estate trends.
Lifestyle
July 30, 2025
We have all heard about and perhaps envied the current crop of billionaire business founders, including Elon Musk, Jeff Bezos, and Bill Gates, who seem to have it all … Read more
Buyer
July 30, 2025
With all the headlines circulating recently, you may be wondering what’s next for home prices?
Buyer
July 29, 2025
Depending on where you live, the housing market could feel red-hot or strangely quiet right now.
Buyer
July 29, 2025
If you’ve been watching the market, you’ve likely noticed a few changes already this year.
Buyer
July 27, 2025
The flow between the sink, stove, and refrigerator—what designers often call the kitchen triangle—was compromised by the original two-island plan.
Buyer
July 27, 2025
Home sales could fall to a new three-decade low in 2025 as elevated mortgage rates continue to crimp affordability, according to new projections from the Realtor.com® … Read more
We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today