23 Oct
July Cash Home Sales Share Highest in Alabama and Florida
(24/7 Wall Street) In July of 2015, cash sales comprised 30.8% of all home sales, down from 34.2% in July of 2014, marking the 31st consecutive year-over-year monthly decline. Cash sales fell by 0.5 percentage points compared with cash sales of in June.
Cash home sales reached a peak in January of 2011, when 46.5% of all home sales in the United States were sold for cash. That peak was nearly double the pre-housing crisis average of around 25%. At the July rate of decline in monthly cash sales, that average should be reached again in mid-2017.
(October 23, 2015)
