{"id":72895,"date":"2021-07-15T06:55:56","date_gmt":"2021-07-15T13:55:56","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=72895"},"modified":"2021-07-15T23:28:56","modified_gmt":"2021-07-16T06:28:56","slug":"all-cash-home-purchases-2021","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/all-cash-home-purchases-2021\/","title":{"rendered":"Share of Homes Bought With All Cash Hits 30% for First Time Since 2014"},"content":{"rendered":"<h2 style=\"font-style:italic;\">Cash is on the rise as affluent Americans benefit from a surging stock market and the flexibility to relocate to more affordable parts of the country.<\/h2>\n<p>Nearly one-third (30%) of U.S. home purchases this year were paid for with all cash. That\u2019s up from 25.3% during all of 2020 and represents the largest share since 2014, when 30.6% of homes were purchased with all cash. This is according to a Redfin analysis of county records published from January 2001 through April 2021\u2014the most recent month for which national data was available.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-72897\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2021\/07\/All-Cash-Annual.png\" alt=\"\" width=\"800\" height=\"600\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2021\/07\/All-Cash-Annual.png 800w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2021\/07\/All-Cash-Annual-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2021\/07\/All-Cash-Annual-768x576.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p>Cash purchases are on the rise as Americans reap the benefits of a strong stock market. The S&amp;P 500 Index has gained 36% in the past 12 months alone, as of July 14, 2021.\u00a0<\/p>\n<p>\u201cI\u2019ve never seen more cash in <a href=\"https:\/\/www.redfin.com\/city\/2287\/ID\/Boise\">Boise<\/a>\u2019s housing market than I\u2019ve seen in the past year,\u201d said <a href=\"https:\/\/www.redfin.com\/real-estate-agents\/shauna-pendleton\" target=\"_blank\" rel=\"noopener\">Shauna Pendleton<\/a>, a Redfin real estate agent in Idaho. \u201cI just sold a $700,000 home to a cash buyer last week. The entire $700,000 came from his E*Trade account.\u201d<\/p>\n<p>Additionally, remote work has allowed homeowners in expensive cities including <a href=\"https:\/\/www.redfin.com\/city\/17151\/CA\/San-Francisco\">San Francisco<\/a> and <a href=\"https:\/\/www.redfin.com\/city\/30749\/NY\/New-York\">New York<\/a> to sell their homes and move to less expensive areas, where they can often afford to buy properties in cash.<\/p>\n<p>\u201cAffluent homeowners in <a href=\"https:\/\/www.redfin.com\/city\/16163\/WA\/Seattle\">Seattle<\/a>, <a href=\"https:\/\/www.redfin.com\/city\/30772\/OR\/Portland\">Portland<\/a> and parts of California are selling their homes for $1 million or $2 million,\u201d Pendleton said. \u201cThen they\u2019re coming to <a href=\"https:\/\/www.redfin.com\/city\/2287\/ID\/Boise\">Boise<\/a>, where they\u2019re buying houses that are twice the size for half the price.\u201d<\/p>\n<p>Investors, who often pay in cash, are wading back into the housing market after pressing pause at the onset of the pandemic. U.S. home purchases by investors <a href=\"https:\/\/www.redfin.com\/news\/investor-home-purchases-q1-2021\/\" target=\"_blank\" rel=\"noopener\">rose<\/a> 2.7% year over year in the first quarter, marking the first period of growth since the coronavirus pandemic began.<\/p>\n<p>The rise in all-cash home purchases is posing challenges for many first-time and lower-income homebuyers, who are having trouble competing with cash offers. While competition is easing slightly, about <a href=\"https:\/\/www.redfin.com\/news\/real-estate-bidding-wars-june-2021\/\" target=\"_blank\" rel=\"noopener\">two-thirds<\/a> of home offers written by Redfin agents still face bidding wars.<\/p>\n<p>\u201cIt can be difficult to compete with an all-cash offer, but prospective buyers should keep in mind that these bids don\u2019t always turn into purchases,\u201d Pendleton said. \u201cCash buyers are frequently the first to back out because they know they can compete in the market, so they easily get buyer\u2019s remorse if they\u2019re worried they might be overpaying for a house. That\u2019s often good news for financed buyers because it means fewer bids to compete with.\u201d<\/p>\n<h3>In Parts of Florida, More Than Half of Homes That Have Sold This Year Were Bought With Cash<\/h3>\n<p>In <a href=\"https:\/\/www.redfin.com\/city\/19373\/FL\/West-Palm-Beach\">West Palm Beach, FL<\/a>, 52.6% of home purchases this year were paid for with all cash. That\u2019s the largest share of the 86 metropolitan areas in this analysis. Metros must have had at least 3,000 home sales from January 2021 through April 2021 to be included in this report.<\/p>\n<p><a href=\"https:\/\/www.redfin.com\/city\/12171\/FL\/Naples\">Naples, FL<\/a> came in second place, with 52.5% of home purchases so far this year using cash. It was followed by <a href=\"https:\/\/www.redfin.com\/county\/1974\/NY\/Nassau-County\">Nassau County, NY<\/a> (50.2%), <a href=\"https:\/\/www.redfin.com\/city\/12742\/FL\/North-Port\">North Port, FL<\/a> (49.4%), <a href=\"https:\/\/www.redfin.com\/city\/15203\/FL\/Port-St-Lucie\">Port St. Lucie, FL<\/a> (46.2%), <a href=\"https:\/\/www.redfin.com\/city\/7891\/SC\/Greenville\">Greenville, SC<\/a> (45.4%), <a href=\"https:\/\/www.redfin.com\/city\/13979\/FL\/Palm-Bay\">Palm Bay, FL<\/a> (44.1%), <a href=\"https:\/\/www.redfin.com\/city\/2654\/FL\/Cape-Coral\">Cape Coral, FL<\/a> (44.1%), <a href=\"https:\/\/www.redfin.com\/city\/5415\/IA\/Des-Moines\">Des Moines, IA<\/a> (41%) and <a href=\"https:\/\/www.redfin.com\/city\/8907\/FL\/Jacksonville\">Jacksonville, FL<\/a> (40.1%).<\/p>\n<p>\u201cFlorida is a big second-home market, and second-home buyers often pay with cash,\u201d said <a href=\"https:\/\/www.redfin.com\/real-estate-agents\/dina-blau\" target=\"_blank\" rel=\"noopener\">Dina Blau<\/a>, a Redfin real estate agent in the <a href=\"https:\/\/www.redfin.com\/city\/19373\/FL\/West-Palm-Beach\">West Palm Beach<\/a> area. \u201cDuring the pandemic, folks also flocked to Florida to buy primary homes. They sold their houses in <a href=\"https:\/\/www.redfin.com\/city\/30749\/NY\/New-York\">New York<\/a>, New Jersey, <a href=\"https:\/\/www.redfin.com\/city\/29470\/IL\/Chicago\">Chicago<\/a> or California and used the proceeds to pay cash for properties in Florida.\u201d<\/p>\n<p>Blau continued: \u201cMost of my buyers understand that competition is stiff and all-cash offers are the best way to win\u2014even if you don\u2019t end up actually paying in all cash. Sometimes a buyer who has enough cash will submit an all-cash bid, but ultimately finance the purchase with a loan to take advantage of low mortgage rates and avoid a lack of liquidity later on. We always let the seller know if this is the plan, and the buyer is still required to pay in cash if their financing falls through.\u201d<\/p>\n<p>Expensive California metros, where it\u2019s more challenging to pay with cash because home prices are relatively high, were at the bottom of the list. In both <a href=\"https:\/\/www.redfin.com\/city\/17420\/CA\/San-Jose\">San Jose, CA<\/a> and <a href=\"https:\/\/www.redfin.com\/city\/13654\/CA\/Oakland\">Oakland, CA<\/a>, 12.5% of home purchases this year used all cash\u2014the lowest share of the metros Redfin analyzed. Next came <a href=\"https:\/\/www.redfin.com\/city\/17149\/VA\/Richmond\">Richmond, VA<\/a> (16%), <a href=\"https:\/\/www.redfin.com\/city\/11203\/CA\/Los-Angeles\">Los Angeles<\/a> (16%), <a href=\"https:\/\/www.redfin.com\/city\/16904\/CA\/San-Diego\">San Diego<\/a> (16.2%), <a href=\"https:\/\/www.redfin.com\/county\/760\/IL\/Lake-County\">Lake County, IL<\/a> (17.2%), <a href=\"https:\/\/www.redfin.com\/city\/16409\/CA\/Sacramento\">Sacramento, CA<\/a> (17.7%), <a href=\"https:\/\/www.redfin.com\/city\/17151\/CA\/San-Francisco\">San Francisco<\/a> (17.8%), <a href=\"https:\/\/www.redfin.com\/city\/14141\/CA\/Oxnard\">Oxnard, CA<\/a> (18%) and <a href=\"https:\/\/www.redfin.com\/city\/953\/CA\/Bakersfield\">Bakersfield, CA<\/a> (19.3%).<\/p>\n<p>Still, buyers in California aren\u2019t out of the woods, according to <a href=\"https:\/\/www.redfin.com\/real-estate-agents\/steven-moore\" target=\"_blank\" rel=\"noopener\">Steven Moore<\/a>, a Redfin real estate agent in <a href=\"https:\/\/www.redfin.com\/city\/11203\/CA\/Los-Angeles\">Los Angeles<\/a>.<\/p>\n<p>\u201cI recently put in a $1.8 million offer on a home that was listed at $1.7 million,\u201d Moore said. \u201cThe top 10 offers\u2014out of 40 total\u2014all came in at around $2 million and were all cash.\u201d<\/p>\n<h3>Metro-Level Summary of All-Cash Offers, January 2021-April 2021<\/h3>\n\n<table id=\"tablepress-278\" class=\"tablepress tablepress-id-278\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\"><b>U.S. Metro Area<\/b><\/th><th class=\"column-2\"><b>Share of Home Purchases Made With All Cash<\/b><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/19373\/FL\/West-Palm-Beach\">West Palm Beach, FL<\/a><\/td><td class=\"column-2\">52.6%<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/12171\/FL\/Naples\">Naples, FL<\/a><\/td><td class=\"column-2\">52.5%<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/county\/1974\/NY\/Nassau-County\">Nassau County, NY<\/a><\/td><td class=\"column-2\">50.2%<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/12742\/FL\/North-Port\">North Port, FL<\/a><\/td><td class=\"column-2\">49.4%<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/15203\/FL\/Port-St-Lucie\">Port St. Lucie, FL<\/a><\/td><td class=\"column-2\">46.2%<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/7891\/SC\/Greenville\">Greenville, SC<\/a><\/td><td class=\"column-2\">45.4%<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/13979\/FL\/Palm-Bay\">Palm Bay, FL<\/a><\/td><td class=\"column-2\">44.1%<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/2654\/FL\/Cape-Coral\">Cape Coral, FL<\/a><\/td><td class=\"column-2\">44.1%<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/5415\/IA\/Des-Moines\">Des Moines, IA<\/a><\/td><td class=\"column-2\">41.0%<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/8907\/FL\/Jacksonville\">Jacksonville, FL<\/a><\/td><td class=\"column-2\">40.1%<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/30756\/GA\/Atlanta\">Atlanta, GA<\/a><\/td><td class=\"column-2\">39.8%<\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/4476\/FL\/Deltona\">Deltona, FL<\/a><\/td><td class=\"column-2\">39.6%<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/4145\/OH\/Cleveland\">Cleveland, OH<\/a><\/td><td class=\"column-2\">38.4%<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/18142\/FL\/Tampa\">Tampa, FL<\/a><\/td><td class=\"column-2\">37.6%<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/6173\/FL\/Fort-Lauderdale\">Fort Lauderdale, FL<\/a><\/td><td class=\"column-2\">36.6%<\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/5665\/MI\/Detroit\">Detroit, MI<\/a><\/td><td class=\"column-2\">36.6%<\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/36058\/GA\/Augusta-Richmond\">Augusta, GA<\/a><\/td><td class=\"column-2\">35.2%<\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/19459\/AZ\/Tucson\">Tucson, AZ<\/a><\/td><td class=\"column-2\">35.1%<\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/11458\/FL\/Miami\">Miami, FL<\/a><\/td><td class=\"column-2\">34.6%<\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/3879\/OH\/Cincinnati\">Cincinnati, OH<\/a><\/td><td class=\"column-2\">34.4%<\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/3105\/NC\/Charlotte\">Charlotte, NC<\/a><\/td><td class=\"column-2\">34.0%<\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/13655\/FL\/Orlando\">Orlando, FL<\/a><\/td><td class=\"column-2\">32.8%<\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/9711\/FL\/Lakeland\">Lakeland, FL<\/a><\/td><td class=\"column-2\">32.8%<\/td>\n<\/tr>\n<tr class=\"row-25\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/9408\/AL\/Huntsville\">Huntsville, AL<\/a><\/td><td class=\"column-2\">32.4%<\/td>\n<\/tr>\n<tr class=\"row-26\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/14240\/AZ\/Phoenix\">Phoenix, AZ<\/a><\/td><td class=\"column-2\">32.3%<\/td>\n<\/tr>\n<tr class=\"row-27\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/12260\/TN\/Memphis\">Memphis, TN<\/a><\/td><td class=\"column-2\">32.3%<\/td>\n<\/tr>\n<tr class=\"row-28\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/14233\/LA\/New-Orleans\">New Orleans, LA<\/a><\/td><td class=\"column-2\">32.1%<\/td>\n<\/tr>\n<tr class=\"row-29\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/4016\/FL\/Crestview\">Crestview, FL<\/a><\/td><td class=\"column-2\">31.9%<\/td>\n<\/tr>\n<tr class=\"row-30\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/7161\/NC\/Greensboro\">Greensboro, NC<\/a><\/td><td class=\"column-2\">31.2%<\/td>\n<\/tr>\n<tr class=\"row-31\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/13136\/NJ\/Newark\">Newark, NJ<\/a><\/td><td class=\"column-2\">31.1%<\/td>\n<\/tr>\n<tr class=\"row-32\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/3641\/TN\/Chattanooga\">Chattanooga, TN<\/a><\/td><td class=\"column-2\">31.0%<\/td>\n<\/tr>\n<tr class=\"row-33\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/7735\/MD\/Frederick\">Frederick, MD<\/a><\/td><td class=\"column-2\">31.0%<\/td>\n<\/tr>\n<tr class=\"row-34\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/13415\/TN\/Nashville\">Nashville, TN<\/a><\/td><td class=\"column-2\">30.8%<\/td>\n<\/tr>\n<tr class=\"row-35\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/10201\/NV\/Las-Vegas\">Las Vegas, NV<\/a><\/td><td class=\"column-2\">30.8%<\/td>\n<\/tr>\n<tr class=\"row-36\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/16661\/MO\/St-Louis\">St. Louis, MO<\/a><\/td><td class=\"column-2\">30.7%<\/td>\n<\/tr>\n<tr class=\"row-37\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/35759\/WI\/Milwaukee\">Milwaukee, WI<\/a><\/td><td class=\"column-2\">30.4%<\/td>\n<\/tr>\n<tr class=\"row-38\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/18606\/NY\/Syracuse\">Syracuse, NY<\/a><\/td><td class=\"column-2\">30.3%<\/td>\n<\/tr>\n<tr class=\"row-39\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/1073\/MD\/Baltimore\">Baltimore, MD<\/a><\/td><td class=\"column-2\">30.3%<\/td>\n<\/tr>\n<tr class=\"row-40\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/2832\/NY\/Buffalo\">Buffalo, NY<\/a><\/td><td class=\"column-2\">29.6%<\/td>\n<\/tr>\n<tr class=\"row-41\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/1823\/AL\/Birmingham\">Birmingham, AL<\/a><\/td><td class=\"column-2\">29.5%<\/td>\n<\/tr>\n<tr class=\"row-42\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/20734\/MI\/Warren\">Warren, MI<\/a><\/td><td class=\"column-2\">29.5%<\/td>\n<\/tr>\n<tr class=\"row-43\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/16162\/NY\/Rochester\">Rochester, NY<\/a><\/td><td class=\"column-2\">29.5%<\/td>\n<\/tr>\n<tr class=\"row-44\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/15502\/PA\/Philadelphia\">Philadelphia, PA<\/a><\/td><td class=\"column-2\">29.4%<\/td>\n<\/tr>\n<tr class=\"row-45\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/35765\/OK\/Tulsa\">Tulsa, OK<\/a><\/td><td class=\"column-2\">29.3%<\/td>\n<\/tr>\n<tr class=\"row-46\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/14237\/OK\/Oklahoma-City\">Oklahoma City, OK<\/a><\/td><td class=\"column-2\">28.9%<\/td>\n<\/tr>\n<tr class=\"row-47\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/14479\/FL\/Pensacola\">Pensacola, FL<\/a><\/td><td class=\"column-2\">28.8%<\/td>\n<\/tr>\n<tr class=\"row-48\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/17865\/MD\/Salisbury\">Salisbury, MD<\/a><\/td><td class=\"column-2\">27.9%<\/td>\n<\/tr>\n<tr class=\"row-49\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/10200\/TN\/Knoxville\">Knoxville, TN<\/a><\/td><td class=\"column-2\">27.1%<\/td>\n<\/tr>\n<tr class=\"row-50\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/4149\/SC\/Columbia\">Columbia, SC<\/a><\/td><td class=\"column-2\">27.1%<\/td>\n<\/tr>\n<tr class=\"row-51\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/13201\/NJ\/New-Brunswick\">New Brunswick, NJ<\/a><\/td><td class=\"column-2\">26.8%<\/td>\n<\/tr>\n<tr class=\"row-52\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/35711\/NC\/Raleigh\">Raleigh, NC<\/a><\/td><td class=\"column-2\">26.3%<\/td>\n<\/tr>\n<tr class=\"row-53\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/4147\/CO\/Colorado-Springs\">Colorado Springs, CO<\/a><\/td><td class=\"column-2\">26.2%<\/td>\n<\/tr>\n<tr class=\"row-54\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/4664\/OH\/Columbus\">Columbus, OH<\/a><\/td><td class=\"column-2\">26.1%<\/td>\n<\/tr>\n<tr class=\"row-55\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/1826\/MA\/Boston\">Boston, MA<\/a><\/td><td class=\"column-2\">25.9%<\/td>\n<\/tr>\n<tr class=\"row-56\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/15272\/RI\/Providence\">Providence, RI<\/a><\/td><td class=\"column-2\">25.4%<\/td>\n<\/tr>\n<tr class=\"row-57\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/15935\/CA\/Riverside\">Riverside, CA<\/a><\/td><td class=\"column-2\">25.4%<\/td>\n<\/tr>\n<tr class=\"row-58\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/20418\/VA\/Virginia-Beach\">Virginia Beach, VA<\/a><\/td><td class=\"column-2\">25.2%<\/td>\n<\/tr>\n<tr class=\"row-59\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/2070\/CT\/Bridgeport\">Bridgeport, CT<\/a><\/td><td class=\"column-2\">25.0%<\/td>\n<\/tr>\n<tr class=\"row-60\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/12839\/DC\/Washington-DC\">Washington, D.C.<\/a><\/td><td class=\"column-2\">24.4%<\/td>\n<\/tr>\n<tr class=\"row-61\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/3478\/SC\/Charleston\">Charleston, SC<\/a><\/td><td class=\"column-2\">23.9%<\/td>\n<\/tr>\n<tr class=\"row-62\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/16163\/WA\/Seattle\">Seattle, WA<\/a><\/td><td class=\"column-2\">23.8%<\/td>\n<\/tr>\n<tr class=\"row-63\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/5155\/CO\/Denver\">Denver, CO<\/a><\/td><td class=\"column-2\">23.6%<\/td>\n<\/tr>\n<tr class=\"row-64\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/12262\/KY\/Louisville\">Louisville, KY<\/a><\/td><td class=\"column-2\">23.5%<\/td>\n<\/tr>\n<tr class=\"row-65\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/2570\/NJ\/Camden\">Camden, NJ<\/a><\/td><td class=\"column-2\">23.0%<\/td>\n<\/tr>\n<tr class=\"row-66\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/10455\/AR\/Little-Rock\">Little Rock, AR<\/a><\/td><td class=\"column-2\">22.5%<\/td>\n<\/tr>\n<tr class=\"row-67\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/30749\/NY\/New-York\">New York, NY<\/a><\/td><td class=\"column-2\">22.5%<\/td>\n<\/tr>\n<tr class=\"row-68\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/8694\/MI\/Grand-Rapids\">Grand Rapids, MI<\/a><\/td><td class=\"column-2\">22.3%<\/td>\n<\/tr>\n<tr class=\"row-69\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/1336\/LA\/Baton-Rouge\">Baton Rouge, LA<\/a><\/td><td class=\"column-2\">22.3%<\/td>\n<\/tr>\n<tr class=\"row-70\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/514\/PA\/Allentown\">Allentown, PA<\/a><\/td><td class=\"column-2\">22.1%<\/td>\n<\/tr>\n<tr class=\"row-71\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/county\/2406\/PA\/Montgomery-County\">Montgomery County, PA<\/a><\/td><td class=\"column-2\">21.7%<\/td>\n<\/tr>\n<tr class=\"row-72\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/29470\/IL\/Chicago\">Chicago, IL<\/a><\/td><td class=\"column-2\">21.5%<\/td>\n<\/tr>\n<tr class=\"row-73\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/245\/NY\/Albany\">Albany, NY<\/a><\/td><td class=\"column-2\">21.3%<\/td>\n<\/tr>\n<tr class=\"row-74\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/6904\/CA\/Fresno\">Fresno, CA<\/a><\/td><td class=\"column-2\">20.7%<\/td>\n<\/tr>\n<tr class=\"row-75\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/10943\/MN\/Minneapolis\">Minneapolis, MN<\/a><\/td><td class=\"column-2\">20.4%<\/td>\n<\/tr>\n<tr class=\"row-76\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/30772\/OR\/Portland\">Portland, OR<\/a><\/td><td class=\"column-2\">19.6%<\/td>\n<\/tr>\n<tr class=\"row-77\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/517\/CA\/Anaheim\">Anaheim, CA<\/a><\/td><td class=\"column-2\">19.5%<\/td>\n<\/tr>\n<tr class=\"row-78\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/953\/CA\/Bakersfield\">Bakersfield, CA<\/a><\/td><td class=\"column-2\">19.3%<\/td>\n<\/tr>\n<tr class=\"row-79\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/14141\/CA\/Oxnard\">Oxnard, CA<\/a><\/td><td class=\"column-2\">18.0%<\/td>\n<\/tr>\n<tr class=\"row-80\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/17151\/CA\/San-Francisco\">San Francisco, CA<\/a><\/td><td class=\"column-2\">17.8%<\/td>\n<\/tr>\n<tr class=\"row-81\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/16409\/CA\/Sacramento\">Sacramento, CA<\/a><\/td><td class=\"column-2\">17.7%<\/td>\n<\/tr>\n<tr class=\"row-82\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/county\/760\/IL\/Lake-County\">Lake County, IL<\/a><\/td><td class=\"column-2\">17.2%<\/td>\n<\/tr>\n<tr class=\"row-83\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/16904\/CA\/San-Diego\">San Diego, CA<\/a><\/td><td class=\"column-2\">16.2%<\/td>\n<\/tr>\n<tr class=\"row-84\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/11203\/CA\/Los-Angeles\">Los Angeles, CA<\/a><\/td><td class=\"column-2\">16.0%<\/td>\n<\/tr>\n<tr class=\"row-85\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/17149\/VA\/Richmond\">Richmond, VA<\/a><\/td><td class=\"column-2\">16.0%<\/td>\n<\/tr>\n<tr class=\"row-86\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/13654\/CA\/Oakland\">Oakland, CA<\/a><\/td><td class=\"column-2\">12.5%<\/td>\n<\/tr>\n<tr class=\"row-87\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.redfin.com\/city\/17420\/CA\/San-Jose\">San Jose, CA<\/a><\/td><td class=\"column-2\">12.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-278 from cache -->\n<hr \/>\n<h2>Methodology<\/h2>\n<p>For data on homes bought with all cash, we looked at county sale records for homes purchased from January 2001 through April 2021. We define an all-cash purchase as one in which no mortgage information is included on the home deed. We used filters to remove any transactions that may not be true sales to new owners, such as <a href=\"https:\/\/www.investopedia.com\/articles\/personal-finance\/051614\/five-things-know-about-quitclaim-deeds.asp\" target=\"_blank\" rel=\"noopener\">quitclaim deeds<\/a>.<\/p>\n<p>To be included in the metro-level breakdown of this report, metros must have had at least 3,000 home sales from January 2021 through April 2021.<\/p>\n<p>While the 2021 figures in this report only cover sales that have occurred so far this year, the share of cash purchases in the first half of the year typically matches the share for the full year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cash is on the rise as affluent Americans benefit from a surging stock market and the flexibility to relocate to more affordable parts of the country. Nearly one-third (30%) of U.S. home purchases this year were paid for with all cash. That\u2019s up from 25.3% during all of 2020 and represents the largest share since [&hellip;]<\/p>\n","protected":false},"author":13346,"featured_media":72898,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[60,8],"tags":[9,20],"dashboard":[],"coauthors":[125],"class_list":["post-72895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coronavirus-housing-market-news","category-housing-market-news","tag-coronavirus","tag-housing-affordability"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Share of Homes Bought With All Cash Hits 30% for First Time Since 2014<\/title>\n<meta name=\"description\" content=\"Cash is on the rise as affluent Americans benefit from a surging stock market and the flexibility to move to more affordable parts of the country.\" \/>\n<meta name=\"robots\" content=\"index, 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