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Orchard provides cash offers for first-time homebuyers

Orchard, which operates a home-buying and selling platform, wants to expand its customer base of first-time homebuyers by helping them to make a cash-backed offer. 

Buy with Orchard is the firm’s first product targeted to first-time buyers that provides home shoppers with the cash needed to compete with equity-rich homeowners and investors, the company said. 

Cash buyers made up 28% of all home purchases in March, a rise of five percentage points from the same month in 2021, according to the National Association of Realtors. 

“It has never been more difficult for first-time buyers to purchase a home,” said Court Cunningham, chief executive details ⇒

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