Cash Share of Housing Market in September Falls to 2011 Low, HousingPulse Survey Finds
November 3, 2011
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)