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Cash Sales at Nine-Year Low
Friday, October 23, 2015
a steadily decreasing share of distressed sales and fewer investors in the
market all-cash sales have not yet returned to normal levels nor, according to CoreLogic's
new report, will they for nearly two more years. Those sales made up 30.8 percent of all home
sales in July, down from 34.2 percent in July 2014.
year-over-year share of all-cash sales has fallen each month since January 2013
and July's were at the lowest level in nine years. Such sales peaked in January 2011 when they
comprised 46.5 percent of the national market.
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