Economists at the Goldman Sachs Group reported than more than 50% of all homes sold last year and throughout this year were bought mortgage-free and that all-cash sales have more than doubled since 2006. Before the housing bubble burst, only 20% of homebuyers made cash-only transactions. Goldman Sachs analysts determined the percentage of cash-only home […]
Due to increased buyer demand, fewer homes are staying longer on the market. Multiple Listing Services showed that homes last month sold faster than in any other February since 2007. In February 2013, homes were available for sale for a median of 98 days, down from 123 days in February 2012. Most of these fast-moving […]
CoreLogic recently reported that there were 767,446 completed foreclosures on active mortgages in 2012, which comes out to one in every 53 active mortgages. Despite the high numbers, CoreLogic pointed out it is an improvement over 2011, when there were 830,000 foreclosures. In December 2012, there were 56,000 completed foreclosures — lower than the previous […]
A report from CoreLogic that was released this morning shows that the number of homes coming onto the market fell to the lowest level in more than three years. In July, the pending supply of homes — known as “shadow inventory” — was only 2.3 million units, down 10.3% compared to 2.6 million units last […]