All-cash home purchases are on the rise

With existing inventory scarce, all-cash purchases are rising, with a notable bump occurring in the new-home market, according to Census Q3 data.

The share of new single-family constructions bought with cash grew to 9.2% of sales in Q3, rising from 7.1% in Q2, a new report from the National Association of Home Builders said. The jump of more than two percentage points is tied for the largest quarterly increase since 2010.