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The decrease in the share of all-cash transactions has been slow but steady. What factors are behind the decline?
Read More »Cash Sales Share Remains Elevated Despite Persistent Declines
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Continued Cash Sales Decline Speaks to Stabilization of Housing Market
Though more than a quarter of REO sales were cash transactions in June, REO sales made up only about 6 percent of total home sales during the month. During the peak month of January 2011 for cash sales, REO properties made up about 23.8 percent of all home sales.
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