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  • Metro East REIA

Cash Sales are Rising Sharply

Recent data from the NAR’s Economist Outlook say that the share of all-cash sales to existing-home sales surged to 25% in April, 2021 as non-first-time buyers are paying all cash to increase the competitiveness of their offers, edging out first-time buyers. The data comes from the most-recent Realtors Confidence Index Survey and shows a significant increase from one year ago (15%) and 2019 (20%). Continue reading HERE...

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Existing-Home Sales Up 3.1% in January

The National Association of Realtors is reporting that existing home sales were up 3.1% in January to a seasonally-adjusted annual rate of 4 million (down 1.7% year over year). Total housing inventor

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