According to information in the latest Realtors® Confidence Index, cash sales were 31 percent of residential sales in February. The high preponderance of all-cash sales appears to be due to a number of factors: Unrealistically high loan underwriting standards, a significant level of investor participation in the market, and sales of properties as second homes.
This post was last modified on April 17, 2012 5:57 am
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
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