Real Estate

Buying a house? Here’s where all-cash deals are most competitive

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Even during the usually slow holiday season, the housing market is hotter than ever this year.

Low supply and incredibly high, Covid-induced demand have made buyers beyond competitive and sellers particularly picky. As a result, all-cash deals, which sellers favor, are rising in certain regions and at certain price points.

All-cash sales now make up about 36% of the market, according to realtor.com. That is only a very slight rise overall from last year. Yet cash sales are climbing more dramatically in the Northeast and West, up 3 and 2 percentage points, respectively. It is happening despite the fact that mortgage rates have set record lows 14 times so far this year.

“This is likely a…



Source cnbc.com

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