Cash home sales continue decline, falling to 35.5%

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Home Sales Drop As All-Cash Buys Fall To 5-Year Low. Existing-home sales unexpectedly dipped in August, but the decline likely represents investors pulling back, a long-term positive for first-time buyers and the overall market. Sales ran at an annual rate of 5.05 million, down 1.8% from July, the National Association of Realtors said Monday.

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US pending home sales fall to lowest level in 3 years. The US economy expanded at a slightly slower pace than previously thought in the fourth quarter, according to a second reading on Wednesday. Gross domestic product grew an annualised 2.5 per cent in the final three months of last year, in line with economists’ forecasts,

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Existing home sales tumbled 4.8% in August to a 5.31 million seasonally adjusted annual rate, the National Association of Realtors said Monday, the steepest month-to-month decline since January.

In January of 2016, cash sales comprised 35.5% of all home. when 46.6% of all home sales in the United States were sold for cash. That peak was nearly double the pre-housing crisis average of.

This decline in affordability. to make their initial moves in the fall. In 2019, homes may stay on market longer than the typical one week that we all got used to in the past few years. Home prices.

Cash Sales in the U.S. Continue to Decline. cash sales made up 46.5% of total home sales. The main reason behind these results is a decline in distressed sales, which are mostly all-cash.