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Housing Market

All-Cash Home Purchases Reach Their Highest Level in Almost a Decade

According to a new Redfin report, homebuyers in September paid all cash in just over one-third (34.1%) of U.S. home sale transitions—up from 29.5% one year ago and the highest share in almost a decade.

November 9, 2023

Person hiding their face behind a fan of US dollar bills held in both hands, showing pink nails and rings in the foreground on a blurred background

Housing Market

What First-Time Buyers Need to Earn to Afford a Home Today

A new Redfin report reveals first-time buyers in the U.S. need about 13% more income to afford a starter home compared to one year ago, largely due to a combination of higher mortgage rates and low inventory keeping home prices high, despite lower demand.

August 1, 2023

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All-Cash Home Purchases Reach Their Highest Level in Almost a Decade

What First-Time Buyers Need to Earn to Afford a Home Today

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