All-cash home sales account for about 27% of U.S. real estate transactions, with West Virginia leading at 41.1%. Cash deals surged during the COVID-19 pandemic but have since declined, though they remain common in states like Ohio, Maine, Louisiana, and New York. Investors and out-of-state buyers often drive cash purchases. Rising property taxes and high mortgage rates contribute to this trend, offering sellers faster, less contingent sales.
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