This seems like very bad news to me.

40% of first-quarter 2024 house sales in the US were cash.

And it’s not simply institutional buyers.

https://www.mansionglobal.com/articles/all-cash-home-buyers-are-descending-on-these-u-s-hot-spots-12d7e21c

#PricingOut #RealEstate #TooMuchCash