fha mortgage loans, local mortgage broker, midwest family lending

(515) 252-7107

APPLY NOW!

Mortgage Industry News

« Return to Mortgage Industry News

Cash Sales Continue Year-over-Year Retreat

Tuesday, August 18, 2015

The level of cash sales remains high in several states, mostly those also still experiencing a high level of foreclosures.  CoreLogic said on Tuesday however that on a national basis the level of those sales has now fallen to the lowest percentage since July 2008.

Cash sales made up 31.9 percent of total home sales in May 2015, down from 35.1 percent in May 2014 and continuing a 29 month streak of year-over-year decreases dating back to January 2013.   Month over month, the cash sales share fell by 1.7 percentage points.  According to CoreLogic seasonality in the housing market means that comparisons should be made on a year-over-year basis.

 

Read Full Article

Testimonial

"Josh and Eric were great to work with. As first time home buyers, it was no understatement to say we 'knew nothing' about anything involved with the home buying process. Josh was always a phone call away for all of our questions. At one point during the process Josh said to us, 'everything is taken care, just sit back and relax!' He was right! We got into our first home much easier and cheaper than we anticipated. We are very pleased with the entire process and would highly recommend using Josh and Eric when buying a home!"
Bryant & Tayli