Skip to main content

Nearly One-Third of Residential Transactions Involved Cash Sales

Feb 27, 2017
Cash sales accounted for 32.4 percent of total home sales in November 2016, according to data released by CoreLogic. This represents a 4.5 percent decline from the level recorded in November 2015

Cash sales accounted for 32.4 percent of total home sales in November 2016, according to data released by CoreLogic. This represents a 4.5 percent decline from the level recorded in November 2015.
 
Real estate-owned (REO) sales had the largest cash sales share in November 2016 at 60.2 percent—although REO sales only made up 4.9 percent of total home sales. Resales had the second largest cash sales share in November at 32.3 percent, followed by short sales at 31.9 percent and newly constructed homes at 15.5 percent.
 
New York had the largest cash sales share in November at 47.4 percent, followed by Alabama (47.3 percent), Michigan (44.1 percent), Florida (42.4 percent) and Indiana (41 percent). For the distressed sales sector, all but eight states had lower year-over-year activity, while the greatest share of distressed sales by state were found in Maryland (18.4 percent) and Connecticut (18.2 percent).
Cash sales accounted for 32.4 percent of total home sales in November 2016, according to data released by CoreLogic. This represents a 4.5 percent decline from the level recorded in November 2015
About the author
Published
Feb 27, 2017
Maximum Acceleration, Originator Connect Network Sign Exclusive CE Agreement

Pact gives OCN guaranteed live CE at shows, creates nationwide opportunity for Maximum Acceleration

Apr 17, 2024
CMG Acquires Norcom Mortgage's Retail Side

The 25-branch addition will enhance CMG’s northeastern presence from Maryland to Maine.

Apr 12, 2024
CFPB Weighs Title Insurance Changes

The agency considers a proposal that would prevent home lenders from passing on title insurance costs to home buyers.

NEXA Begins Search For New CFO

NEXA CEO retires the president position after Mat Grella's termination.

Apr 01, 2024
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024