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!
