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A new report from Redfin shows nearly one third (31.4%) of U.S. home purchases were paid with all cash in July. That’s edging near the eight-year record set in February this year and up from 27.5% a year earlier. Beginning in early 2021, when the pandemic homebuying frenzy took off, the share of all-cash purchases skyrocketed and has remained elevated ever since. ....
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