The National Association of Realtors reported this week that existing-home sales for May were up 1.8% – representing the highest pace in nearly a decade. Total sales numbers for May were 5.53 million. All-cash sales represented 22% of transactions in May with individual investors, who account for many cash sales, purchasing 13% of those homes. By the way, 63% of those investors paid in cash……Good data….Happy Friday!
Trending
- The Benefits of Joining a local REIA
- FBI Releases 2023 Internet Crime Report
- Local Market Monitor’s National Economic Outlook for April ’24
- Financial Independence for Real Estate Investors: The Role of Local Associations
- Top 10 Places Where Generation Z Is Buying Homes
- GDP Up 1.6% in the First Quarter of 2024
- Georgia Governor Signs Bill Making Squatting a Crime
- Pending Home Sales Up 3.4% in March ’24