Volume 28 - Number 42
November 4, 2011
Downloads Available: Distressed Property Index - as of Sept. 2011 (graph)
Cash Share of Housing Market in September Falls to 2011 Low, HousingPulse Survey Finds
Even though the home-purchase mortgage market remains on life support, this important sector of the mortgage industry got a little bit of good news in September – namely, that the share of home purchases involving all cash transactions actually dipped to the lowest level seen in 2011. According to the results from the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, cash transactions accounted for 29.5 percent of home-purchase transactions tracked in September. While that still represented the most popular method for purchasing a home in the U.S., it was...(Includes one data graph)
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