Investors, downsizing baby boomers and millennials with parental assistance are helping to drive surge in all-cash deals
By Laura Kusisto and Christina Rexrode | The Wall Street Journal
Meagan Freeman and her boyfriend have been looking for a midprice house in the Seattle area for six months but keep running into a hurdle: cash buyers swooping in and snatching up their properties.
It has happened three times, she said, most recently two weeks ago. The couple bid on a home in an unfashionable suburb they believed was a sure bet in the midst of a dreary Seattle November, when the market typically is slow.