Increasingly, if you want to buy a home in America, you need to bring cash to the table.
“Cash buyers — many, but not all of whom are investors — are in a position of competitive advantage in today’s higher interest rate environment and will continue to account for a higher-than-usual share of market at least until mortgage rates dip back down a bit,” Sharga said in a release announcing the findings. “With affordability a problem for many buyers, especially first-time buyers, it wouldn’t be a surprise to see the percentage of cash purchases actually increase in 2023.
Median home prices rose in all but two of the 157 metro areas tracked by ATTOM as part of the report. The five biggest year-over-year median price increases were all in Florida. Naples had the biggest single-year price increase at 26.9%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
There's a disconnect between men and women on hybrid work - Silicon Valley Business JournalAs more companies call employees back to the office or ditch their hybrid arrangements altogether, exclusive new data shows a disconnect between men and women on hybrid work.
Source: svbizjournal - 🏆 334. / 59 Read more »
What Milpitas's Innovation District means for the city's future - Silicon Valley Business JournalAlex Andrade, Milpitas' economic development director, has high hopes for a new district the company plans to create near its BART station.
Source: svbizjournal - 🏆 334. / 59 Read more »
Meta Platforms adopts paid subscription plan to verify Facebook, Instagram accounts - Silicon Valley Business JournalMeta Platforms is joining the paid-verification trend by announcing it would offer a monthly subscription service for its Facebook and Instagram social networks.
Source: svbizjournal - 🏆 334. / 59 Read more »
Intel slashes dividend by 66% - Silicon Valley Business JournalShort on cash, Intel is doing what a Wall Street analyst described as 'inevitable.'
Source: svbizjournal - 🏆 334. / 59 Read more »
A look at 3 of Silicon Valley's biggest engineering firms: BKF Engineers, Hobach-Lewin Inc. and Kimley-Horn and Associates - Silicon Valley Business JournalFind out who made the List of the top 25 Engineering Firms in Silicon Valley. And learn more about three of the biggest.
Source: svbizjournal - 🏆 334. / 59 Read more »