Morning Minute: Cash sales of homes slow in June

The number of buyers purchasing a home with cash in June fell to the lowest level since September 2008, according to the latest report from CoreLogic. Cash sales accounted for 33 percent of all U.S. homes sold in June, far below the peak in early 2011 when cash purchases accounted for 46.2 percent of the housing market. In Illinois, as the CoreLogic map shows below, cash sales were below the national average at 31 percent in June.

Source: CoreLogic

 

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