silver-tsunami 5184

Cash deals for home reach record with boomers retiring

In recent data compiled by Bloomberg, 29 percent of non-investment homebuyers used cash to purchase their home, which is the highest on record for the period. Lawrence Yun, chief economist of the National Association of Realtors says, “The majority of people making all-cash deals are baby boomers mostly because AmericaŒs largest-ever generation is beginning to retire.”