All-Cash Share of U.S. Home Sales in November Jumps to Highest Level Since March 2013

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All-Cash Share of U.S. Home Sales in November...
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RealtyTrac November home sales data derived from publicly recorded sales deeds shows the share of cash sales jumped to 38.1 percent of U.S. single family home and condo sales during the month — up from 29.8 percent in October and up from 30.9 percent a year ago to the highest level since March 2013, when 38.8 percent of all sales were all-cash. The 23 percent year-over-year increase in share of cash sales nationwide followed 29 consecutive months of annual declines in the share of all-cash home sales.

“The jump in cash sales is likely a knee-jerk reaction to the new documentation and...

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