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All-cash home purchases have become less popular, Redfin says

Homebuyers can purchase properties in full with cash, eliminating the need for a mortgage application. But last year, only one-third of buyers purchased homes with cash, representing a three-year low point. In total, 700,445 homes in 2024 were purchased with cash, which is down from 760,914 in 2023. Real estate marketplace Redfin released a report…