Real Estate News | Real Estate Investing | Stock Market Investing | Passive Income | Flipping | 1031 Exchange | Private Lendi

Audio Transcript 00:00:00 Music Intro [Speaker] Kathy Fettke: Competition is so fierce among homebuyers, that we’re seeing a surge in all-cash offers. A new Redfin study shows that all cash-offers are up almost 5% nationwide in the last year. There are also a host of start-ups that help buyers make cash offers and they are expanding. Hi I’m Kathy Fettke and this is the Real Estate News for Investors. The Redfin study found that all-cash offers rose from 25.3% last year to 30% this year. (1) Redfin used county records dating back to January 2001 for this study. You may remember the last big surge happened during the recession when cash offers grew to as much as 34.1% in 2011 and 2012. We’re not quite there yet, but the lack of inventory is making the market much more competitive. Surge in Cash Offers Many of those cash offers were from investors, but in today’s market, people buying their own homes are coming up with cash. A Redfin real estate agent in Idaho says she been seeing more cash offers over the last