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Housing Market

29% of U.S. Home Purchases Are Made in Cash, Essentially Flat From a Year Ago

29% of U.S. homebuyers are paying in cash, down essentially unchanged from last year and down from a peak of nearly 35% two years ago due to declining mortgage rates.  The typical down payment is climbing, partly because in today’s expensive market, many buyers are affluent. It now sits at a record $70,000, and in […]
Weekly Market Update

More Home Sellers Test the Market, But Buyers Aren’t Budging

Pending home sales are declining, with some house hunters waiting for mortgage rates to drop lower and some feeling jittery about the economy. New listings of U.S. homes for sale rose 2.3% year over year during the four weeks ending October 5, the biggest increase in over three months. Some sellers listed their homes in […]
Affordability

Homebuyers Are Canceling Deals at a Record Rate. Here’s Why.

Roughly 56,000 U.S. home-purchase agreements were canceled in August, equal to 15.1% of homes that went under contract that month—the highest August percentage in records dating back to 2017. Buyers frequently back out of deals when they find issues during the inspection, they have trouble selling their existing home or their financing falls through, according […]
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