House hunters making all-cash offers enjoy a competitive advantage due to the reduced likelihood of deals falling through. Albuquerque, NM, stands out, with an impressive 71% of home purchases in October 2024 being all-cash, well above the national average of 34.6%. The city's affordability contributes to this trend, attracting investors who can easily secure cash. The dominance of cash deals is noted primarily in the South and West regions of the U.S., where properties are generally more financially accessible.
House hunters making all-cash offers have an advantage, as it lowers the chance of sales falling through, particularly evident in Albuquerque, NM.
In Albuquerque, NM, 71% of home purchases in October 2024 were all-cash, significantly higher than the national average of 34.6%.
The trend towards cash purchases is growing in Albuquerque, driven by its affordability and appeal to investors who can secure cash financing.
The leading cities for cash deals are in the South and West, attributed to more affordable properties compared to other regions.
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