The share of cash sales is falling nationwide, but there are many housing markets where they still dominate. Cash transactions made up 27.8 percent of single-family home and condo sales in 2018, down from a peak of 38.4 percent in 2011, according to real estate research firm ATTOM Data Solutions. But cash sales are still higher than historical norms: They averaged only 18.7 percent of all sales in the prerecession years between 2000 and 2007. The top 20 metros (with populations greater than 200,000) for cash transactions saw double-digit year-over-year increases in 2018. Some of those areas are:
The 500 largest residential real estate brokerages in the country collectively closed more than 3.2 million transactions in 2017, according to the annual REAL Trends 500 report, which ranks the…
Cash sales fell to less than 30% for the first time since the housing crisis began, according to the latest report from CoreLogic. Cash sales decreased in June, down 2.5…
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