The share of home purchases made in cash rose to its highest level in nine years in 2022, even as the institutional buyers who traditionally pay in cash pulled back from the market, according to a new study.All-cash deals accounted for 36.1% of all deals last year, the most since 2013, with cities in the Southeast accounting for the majority of markets with more than half of transactions in cash, according to real estate data firm .Realtors say the increase in cash deals has been driven primarily by individual homebuyers who are using the profits from selling homes in more expensive markets.
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