Cash Conclusion

During 2/16, cash home sales were 35.7% of all transactions, their lowest February reading since 2008 and a 2.5 percentage points decline Y-o-Y. Cash sales were 59.2% of REO sales, 35.6% of resales, 32.6% of short sales and 15.2% of new home sales. Traditionally, cash transactions were 25% of sales and should be back there by late 2018. AL had the most cash sales at 51.7%, FL followed at 49.2%.