CoreLogic released a report showing that 29.7% of all real estate sales in July were paid for in cash, down 1.9% from July 2015. The majority of all-cash sales, 57.6%, involved REO’s.
The peak of all-cash sales was back in January 2011, when they accounted for 46.6% of all sales transactions.
The top 5 states for all cash deals in July were:
- New York: 44.6%
- Alabama: 43.6%
- Florida: 39.6%
- New Jersey: 37.3%
- Indiana: 37%