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RDFN
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182 days

Less Than One-Third of U.S. Home Purchases Were Made With Cash in 2024, a 3-Year Low

1. All-cash home purchases in the U.S. declined to 32.6% in 2024. 2. This is the lowest share since 2021, but higher than pre-pandemic levels.

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FAQ

Why Neutral?

The decline in cash purchases indicates potential buyer hesitancy, which may stabilize prices but doesn't show immediate strong impact on RDFN's performance.

How important is it?

The data reflects changing buyer behaviors in the market, impacting RDFN's operational strategy and market positioning, though not alarming.

Why Short Term?

Short-term fluctuations in cash purchase percentages can affect immediate market sentiment but may not persist long-term.

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SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Just under one-third (32.6%) of U.S. home purchases were made in cash in 2024, down from 35.1% the year before and the lowest share since 2021. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Still, all-cash sales made up a bigger piece of the homebuying pie than before the pandemic, when the share ranged from 25% to 30%. Redfin's report is based on its analysis of county-level home purchase reco.

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