All-cash Home Purchases Increase Dramatically in the US

According to an article in the Wall Street Journal, economists at Goldman Sachs Group reveal over half of homes sold in the US from 2012 to the present have been bought with cash. Research shows 20 percent of homes sold before the housing crash were cash sales, but that amount has more than doubled in the last seven years. This change is due most likely to a high influx of aggressive investors, foreign buyers, and wealthy homeowners in the housing market. Are you an all-cash buyer? Contact Sierra Sotheby’s International Realty to learn more about current real estate news in Lake Tahoe and surrounding areas, and the benefits of an all-cash home purchase. Contribute to the conversation with local agents on our Facebook page.