Cash is king in San Francisco real estate. It’s leaving mortgage buyers in the dust

In San Francisco's fiercely competitive real estate market, cash buyers are dominating, outbidding mortgage-funded competitors at the highest rate in decades. This trend underscores a shift where immediate access to funds trumps traditional financing, highlighting the intense demand and scarcity of housing in the Bay Area. The dominance of cash buyers also reflects broader economic pressures, including high mortgage rates and the allure of immediate ownership, signaling a potential long-term shift in how people approach property investments in this expensive market.