Realtor Economist: nearly 25% of today’s sales are all cash deals.
March 4, 2010 by Chief Editor
Filed under Buying, Housing, Market Direction/Analysis
From CNBC: “Existing-Home Sales Plunged An Unexpected 7.2% in January.” “Today’s figure is certainly not good news in terms of sales,” said Lawrence Yun, chief economist for the NAR. Distressed sales accounted for 38 percent of sales, sharply higher than December’s 32 percent. Yun said all cash deals represented about a quarter of all sales, [...]