All-cash home buyers pay 10% less than mortgage buyers, study finds
Published Date: 4/2/2024
Source: phys.org
Owning a home has long been considered a crucial way to build wealth, but making such a purchase has become increasingly difficult for many residents. In addition to steep housing prices and high interest rates, there have been a growing number of all-cash buyers who can close a deal quickly, beating out competing offers from buyers who need to finance their home with a mortgage.