Home

Cash Sales Declining, but Remain Elevated For REOs

The percentage of all-cash home sale
transactions declined for the 25th consecutive month in January,
falling to a 38.9 percent share. 
CoreLogic said that this was a 2.6 percent decrease from January 2014
when cash sales accounted for 41.4 percent of sales.

Cash sales peaked in January 2011 at a 46.5
percent
share, close to double the share prior to the housing crisis.  CoreLogic said that if cash sales continue to
fall at the same rate it did in January it will reach the “normal” rate of 25
percent in mid-2018.

 

…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Comments are closed.