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Cash Sales Decline as REO Sales Dwindle

While all-cash sales continue to decline as a percentage of
all home sales, in several states they still account for more than half of all
residential sales transactions. 
CoreLogic said on Wednesday that 36.1 percent of home sales in November
2014 were all-cash, down from 38.8 percent one year earlier.  November became the 23rd
consecutive month in which the share of sales declined on a year-over-year
basis. 

Their portion of all sales did tick up by half a percentage
point from the all-cash share in October but CoreLogic said this is typical for
the fall and winter months
.  Because of
this seasonality the company said comparisons should be made on an annual
basis.

 

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