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Just 6.9% of new-home sales during this time were all-cash deals
Over the last four quarters, the share of new-home sales financed with conventional loans has climbed by 4.3 percentage points, while the Federal Housing Authority’s market share has dropped 6.2 percentage points
Homebuyers paid with cash in more than 11% of all new-home sales in the final quarter of 2022, the highest share since 1990
A rampant housing affordability crisis is leading to an increase in new-home sales financed with government-backed mortgages
A majority of purchases were for single-family custom builds
How overregulation is exacerbating the nation’s housing affordability crisis
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