|Cash Sales FYI
According to a recent article on www.houselogic.com, there was a significant decline in the number of cash home sales this past August. Only 23% of all home buying transactions last month were all-cash sales, which is the lowest overall share since January 2009. Also, it is a decline from the percentage of all-cash sales from the prior month (July 2014), which was 29%. Investors seem to be backing out of the housing market this fall, and if this trend continues, it will help even the playing field for first-time and conventional home buyers (who rely on loans to purchase homes). If you are thinking about purchasing your first home, this could be the ideal time for you to make it happen. Contact LNH Realty, and we will help you with every step of the process.
Link to article: http://www.houselogic.com/blog/why-home-ownership-matters/fewer-investors-housing-market-good-news-first-time-buyers/?cid=eo_rl_widget_flash