Corelogic is reporting that cash sales represented 31.6% of all home sales in April 2016. This figure is 2.8 percentage points less than April 2015. On a month-over-month basis, the cash sales share fell by 1.6 percentage points in April 2016 compared with March 2016. For the first four months of 2016, the cash sales share averaged 33.9%, the lowest start to any year since 2008. The cash sales share peaked in January 2011 when cash transactions accounted for 46.6% of total home sales nationally.
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