Cash Buyers In Puget Sound Squeeze An Already-Tight Housing Market

SEATTLE — Homebuyers who pay cash in parts of Western Washington are making it more difficult for people who need to borrow money to buy properties, according to a Washington Post analysis of data from the real estate company Redfin. High prices are slowly starting to decline, but a low inventory and steep home mortgage costs already put homeownership out of reach for many buyers, the analysis found. What’s also contributing the difficulty is an 8 percent increase in the number of people who pay cash, according to the analysis...