Cash sales account for 1/3 home sales nationwide, Arizona

Screen Shot 2015-07-20 at 5.31.07 AMBy 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.

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