Cash Sales Continue to Decline for 25th Consecutive Month
For the 25th month in a row, all-cash home sale transactions have declined, falling to a 38.9 percent share of the market for January (the most recent month for which we have data).
For reference, cash sales peaked in January 2011 at a 46.5 share, though that number is close to double what we were used to seeing prior to the housing crisis.
According to CoreLogic, if cash sales continue to fall at the same rate they did in January, they will reach the “normal” rate of 25 percent in mid-2018.
Image via flickr/401(K) 2012