[mtoddsmith]

If interest rates are high then the typical borrower can no longer compete with the cash buyers buying up all the real estate. How does that play out?

[HWR_14]

Cash buyers may literally buy in cash, but they are almost always leveraged. Either they then finance the house, have financing as good as cash secured, or something similar. Cash offers refer to the lack of a financing contingency on the sale, and less towards how that interacts with the debt market.

[cheriot]

It's a housing supply problem. Interest rates were just a bandaid.