Cash buyers grabbed 1 in 5 homes in September

Cash buyers grabbed 1 in 5 homes in September

1 in 5 U.S. homes sold in September — 20% — went to individual investors buying to rent out and second-home buyers, MarketWatch reported, up from 15% in August and the most in over a year. Home loans cost 7.03%, per Realtor.com. My take: buyers with cash on hand are taking homes families can't afford with monthly payments that high.

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