Cash Buyers Flood California City

A surge in all-cash home purchases is significantly impacting the San Francisco Bay Area's luxury housing market, with 30% of sales between April and June made entirely with cash, up from less than 20% in 2021. These high-income buyers, including those investing AI-generated wealth and family wealth, are driving prices higher amid limited supply, especially in desirable neighborhoods. The trend has reestablished San Francisco as a destination for affluent buyers, despite competition from financed offers.

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