Arda Clark

    (310) 650-0960
    arda@carlandarda.com
    • About
      • Meet Carl
      • Meet Arda
      • Testimonials
    • Properties
      • Search for Homes
      • Search by Area
      • Mortgage Calculator
      • Featured Listings
    Carl and Arda Clark
     

    Carl

    (310) 963-4788
    carl@carlandarda.com
    • Sell
    • Blog
    • Contact
    • Arda Clark(310) 650-0960
      arda@carlandarda.com
      Copy Email
    • Carl(310) 963-4788
      carl@carlandarda.com
      Copy Email
    • Beach City Brokers
      1716 South Catalina Avenue
      Redondo Beach, CA 90277
      3106500960
      arda@carlandarda.com

    About

    • Home
    • About
    • Contact

    Search

    • Search Properties
    Carl and Arda Clark - Footer Logo
      • Privacy
      • Terms
      • DMCA
      • Accessibility
      • Fair Housing
      © 2025 Beach City Brokers. All rights reserved.
      Website built by CloseHack.
      California Regional Multiple Listing Service

      The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

      Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

      Over A Third Of Homebuyers Paying Cash

      Over A Third Of Homebuyers Paying Cash

      Published 11/15/2023 | Posted by Arda Clark

      In September, the share of homebuyers paying all cash was 34.1%. This is the highest it has been since the beginning of 2014, and an increase of 4.6% from September 2022. However, this doesn’t mean homes are more affordable; in fact, it’s the opposite.

      While it’s true that a significantly higher share of buyers are paying all cash, there are much fewer sales overall. Total sales decreased by 23% over the past year. Compare this to a decrease of only 11% for all cash sales. Cash sales aren’t going up, rather sales overall are going down, and cash buyers are less affected.

      The reason for this is high interest rates, since cash buyers don’t care what the interest rate is for a mortgage loan they aren’t getting. Interest rates fluctuate up and down on a daily basis, but rarely change by much at a time. But in this case, they hit a two decade high in September at 7.2 and then continued an upward trend into October, almost reaching 8%. As of last week, they had started to drop back down. Despite this decrease, with how erratic rates can be, that isn’t a sure sign that rates are now trending downward.

      Photo by Andres Siimon on Unsplash

      More: https://www.redfin.com/news/all-cash-homebuyers-september-2023/

      Related Articles

      Keep reading other bits of knowledge from our team.

        Request Info

        Have a question about this article or want to learn more?