Cash is king in San Francisco real estate. It’s leaving mortgage buyers in the dust

Buyers are ditching mortgages at the highest level in decades to win out in the Bay Area’s ultracompetitive housing market

Tyler Stewart thought she had written a strong offer for a client bidding last month on a Larkspur home listed at $3.1 million, especially since it was all cash and $825,o00 over the asking price.

She was wrong. The home drew 14 offers, and the Heath Real Estate agent could only watch as the home went to another all-cash bidder…

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