If you’ve been looking on the South Florida market for some time you are probably no stranger to the ‘cash buyers’ sale’. It’s a person who purchases a home without the help of a loan.
A new report by Redfin shows that in 2024, 32.6% of homes were purchased with cash, its lowest level since 2021, while the number of homes sold for cash fell to 700,455, the lowest in a decade.
“The reason behind this trend is that investors are buying fewer homes right now. The returns to investing real estate are a little lower than they were previously and larger because rents have been largely flat in this country,” said Chen Zhao, Head of Economics Research at Redfin…