Source: Inman —
All-cash home purchases skyrocketed to make up nearly one-third of all home purchases thus far in 2021, according to data from tech-powered brokerage Redfin. That figure represents the largest share of homes purchased in all-cash since 2014, and is up 25.3 percent from the number of all-cash purchases made during all of 2020.
For this report, Redfin analyzed county records published between January 2021 and April 2021.
As the economy has continued to rebound, Americans have been able to capitalize on stock market gains — as of Thursday, the S&P 500 Index had gained 36 percent. In addition, many Americans who stayed employed over the course of the pandemic were able to save a good deal of money while spending on most leisure activities was largely put on pause because of shutdowns and the need for social distancing.