Corelogic is reporting that cash sales accounted for 30% of total home sales in May, down 2.5 percentage points year over year from May 2015. During the first 5 months of 2016 cash sales averaged 33% – representing the lowest start to any year since 2008. The share of cash sales peaked in January 2011 when cash transactions accounted for 46.6% of total home sales nationally.
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