By Brena Swanson | HousingWire
Cash sales once again trended down, accounting for 33.7% of total home sales in April 2015, down from 37.4% in April 2014.
This marks the 28th consecutive month of declines, with the year-over-year share falling each month since January 2013.
On a monthly basis, the cash sales share fell by 0.9 percentage points. Due to seasonality in the housing market, cash sales share comparisons should be made on a year-over-year basis.