All-cash buyers buoy luxury housing market while mortgage rates sink everyone else

Indonesia Berita Berita

All-cash buyers buoy luxury housing market while mortgage rates sink everyone else
Indonesia Berita Terbaru,Indonesia Berita utama

While high mortgage rates are keeping everyday Americans out of the housing market, wealthy buyers with means to buy multimillion-dollar homes in cash are doing just fine.

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<p>SALT LAKE CITY — While high mortgage rates are keeping everyday working Americans out of the <a href="https://www.ksl.

1 million in the third quarter, while the median price of non-luxury homes climbed only 3.3% to $340,000. Both hit their highest level of any third quarter on record.

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