{"id":1475,"date":"2017-03-01T00:00:00","date_gmt":"2017-03-01T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/all-cash-sales-falling-nationwide\/"},"modified":"2017-03-01T00:00:00","modified_gmt":"2017-03-01T00:00:00","slug":"all-cash-sales-falling-nationwide","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/all-cash-sales-falling-nationwide\/","title":{"rendered":"All-Cash Sales Falling Nationwide"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div readability=\"44.658803706824\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"36.495366470093\"><!--paging_filter--><\/p>\n<p>All-cash sales are on the decline, accounting for 32.4 percent of total home sales in November 2016, down 4.5 percentage points year over year, according to CoreLogic&#8217;s most recent <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">housing<\/a> data. That&#8217;s a significant drop from January 2011, when cash sales were at their peak: a whopping 46.6 percent of all home sales nationally. CoreLogic experts predict cash sales will fall to a historical norm of about 25 percent by mid-2017.<\/p>\n<p>Cash sales are most common in the REO market (60.2 percent of REO sales were cash in November 2016), followed by resale homes (32.3 percent), short sales (31.9 percent), and newly constructed homes (15.5 percent), according to CoreLogic. REO sales have been steadily declining since their peak in January 2011, which helps explain the overall drop in cash sales.<\/p>\n<p>The state with the largest number of cash sales in November was New York, at 47.4 percent of transactions, according to CoreLogic. Other states with elevated percentages of cash sales include Alabama (47.3 percent), Michigan (44.1 percent), Florida (42.4 percent), and Indiana (41 percent).<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" alt=\"\" src=\"https:\/\/i0.wp.com\/realtormag.realtor.org\/sites\/realtormag.realtor.org\/files\/rmo_files\/images\/2017_feb\/CoreLogic_cash%20sales.jpg.jpeg\" style=\"width: 620px; height: 433px;\"\/><\/p>\n<p><em>Source: \u201cCash and Distressed Sales Update: November 2016,\u201d CoreLogic Insights Blog (Feb. 27, 2017)<\/em><\/p>\n<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/4XEO4AuS4NE\/all-cash-sales-falling-nationwide\"> link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] All-cash sales are on the decline, accounting for 32.4 percent of total home sales in &hellip; <a title=\"All-Cash Sales Falling Nationwide\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/all-cash-sales-falling-nationwide\/\"><span class=\"screen-reader-text\">All-Cash Sales Falling Nationwide<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1476,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[12908,543,215,248,127,344,41,818],"class_list":["post-1475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-home","tag-home-buying-guide","tag-home-sale","tag-home-sales","tag-homes","tag-housing","tag-property","tag-real"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/CoreLogic_cash%20sales.jpg.jpeg?fit=952%2C665&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":5857,"url":"https:\/\/amazingproperty.com.ng\/blog\/are-millions-of-boomerang-buyers-about-to-ignite-the-real-estate-market\/","url_meta":{"origin":1475,"position":0},"title":"Are Millions Of Boomerang Buyers About To Ignite The Real Estate Market?","author":"Amazing Property","date":"August 23, 2017","format":false,"excerpt":"Remember all those people who defaulted on their homes during the last housing crisis? Well, those bankruptcies are about to be discharged, or they already have been, and that means we could soon see an avalanche of homebuyers hitting the market.\r \r Just what constitutes an avalanche? \"More than 12.8\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"6d393441b727444ec55bf5290b652195_S.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/6d393441b727444ec55bf5290b652195_S.jpg?fit=424%2C282&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4066,"url":"https:\/\/amazingproperty.com.ng\/blog\/home-prices-grow-twice-as-fast-as-incomes\/","url_meta":{"origin":1475,"position":1},"title":"Home Prices Grow Twice as Fast as Incomes","author":"Amazing Property","date":"May 1, 2017","format":false,"excerpt":"Strong buyer demand this spring is pushing home prices up at double the rate of increase in income growth, The Wall Street Journal reports. The median price of an existing home for all housing types was $236,400 in March, up 6.8 percent from a year ago, when it was $221,400,\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11494,"url":"https:\/\/amazingproperty.com.ng\/blog\/homeowners-saw-almost-20-equity-jump-in-a-year\/","url_meta":{"origin":1475,"position":2},"title":"Homeowners Saw Almost 20% Equity Jump in a Year","author":"Amazing Property","date":"November 21, 2022","format":false,"excerpt":"Equity Jump, The first quarter of 2021, the average homeowner gained about $33,400 in equity over the past year. \u00a0 Existing homeowners may be feeling richer since they've received a notable boost to their home equity over the last year. Homeowners with a mortgage have seen their equity climb nearly\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Equity Jump","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/06\/Equity-Jump.png?fit=1024%2C733&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/06\/Equity-Jump.png?fit=1024%2C733&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/06\/Equity-Jump.png?fit=1024%2C733&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2021\/06\/Equity-Jump.png?fit=1024%2C733&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":1139,"url":"https:\/\/amazingproperty.com.ng\/blog\/existing-home-sales-reach-decade-high\/","url_meta":{"origin":1475,"position":3},"title":"Existing-Home Sales Reach Decade High","author":"Amazing Property","date":"February 22, 2017","format":false,"excerpt":"[ad_1] Existing-home sales in January reached their fastest pace in nearly a decade, with all major regions except the Midwest posting gains last month, the National Association of REALTORS\u00ae reports. Sales By Region Here's how existing-home sales fared across the country in January: Northeast: Rose 5.3 percent to an annual\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8373,"url":"https:\/\/amazingproperty.com.ng\/blog\/2018-home-sales-off-to-sluggish-start\/","url_meta":{"origin":1475,"position":4},"title":"2018 Home Sales Off to Sluggish Start","author":"Amazing Property","date":"February 21, 2018","format":false,"excerpt":"Blame it on the housing shortage: Existing-home sales posted their largest declines on an annual basis in more than three years, the National Association of REALTORS\u00ae reported Wednesday. All major regions of the U.S. saw monthly and annual sales decline in January. \u201cThe utter lack of sufficient housing supply and\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"January Ehs Infographic.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/January-EHS-Infographic.jpg?fit=750%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/January-EHS-Infographic.jpg?fit=750%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/January-EHS-Infographic.jpg?fit=750%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/January-EHS-Infographic.jpg?fit=750%2C800&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":2370,"url":"https:\/\/amazingproperty.com.ng\/blog\/home-sales-drop-amid-inventory-affordability-issues\/","url_meta":{"origin":1475,"position":5},"title":"Home Sales Drop Amid Inventory, Affordability Issues","author":"Amazing Property","date":"March 22, 2017","format":false,"excerpt":"Existing-home sales dropped in February as tight inventory and weakening affordability conditions kept many buyers out of the market in most parts of the country, the National Association of REALTORS\u00ae reports. Total sales for existing single-family homes, townhomes, condos, and co-ops fell 3.7 percent to a seasonally adjusted annual rate\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/1475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=1475"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/1475\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/1476"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=1475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=1475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=1475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}