Why Nearly Half of All U.S. Homes Are Purchased in Cash?

Why Nearly Half of All U.S. Homes Are Purchased in Cash?


Because it’s more costly and hard to get financing.

Because homes cost less.

Because Chinese home-buyers are flooding into the U.S. housing market
and nearly 70% of the Chinese deals are made in all cash.

Because mortgage lending standards have been tightened since the housing bubble.

Because foreign buyers, and wealthy homeowners
are averse to a mortgage.

Because the seller knows the cash offer is more likely to close.

Because prior homeowners abandon the ownership market and head back to rentals.

Because buyers are mainly investors and vacation-home buyers 

Because Multi-home buyers (those purchasing two or more properties) accounted
 for about 28 percent  of last year’s cash sales, up from around 24 percent in 2011.