How Many All-Cash Buyers Are In Your Neighborhood?

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According to the Washington Post and realty company, Redfin, nearly one-third of homes purchased in 2022 were all-cash deals!

Questions:

  1. How much did all-cash deals increase since 2021?
  2. What has happened to the proportion of first-time buyers?
  3. Briefly describe what the article calls the “suburban renaissance.”

Source:

Martinez, E., K. Schaul, and H. Shaban. (2023). See how many all-cash buyers snagged houses in your neighborhood. The Washington Post, Feb. 9 (Retrievable online at https://www.washingtonpost.com/business/interactive/2023/all-cash-buyers-housing-market/?itid=hp-top-table-main_p001_f004)