All-Cash Buyer Share Drops to 6+ year low

[Hugo Township]

Saw this data from a local company called RealtyTrac:
http://www.realtytrac.com/news/fore...-june-and-midyear-2015-u-s-home-sales-report/

Today's housing market is increasingly driven by owner-occupant, mortgage-dependent buyers. Investors had fueled the market in 2013, pushing prices higher far faster than income growth. Investors are now a far smaller share. According to RealtyTrac, all-cash home sales fell to the lowest level since 2008 as buyers using low down payment FHA loans rose to the highest level in over two years.

 

[jmoney74]

Saw this data from a local company called RealtyTrac:
http://www.realtytrac.com/news/fore...-june-and-midyear-2015-u-s-home-sales-report/

Today's housing market is increasingly driven by owner-occupant, mortgage-dependent buyers. Investors had fueled the market in 2013, pushing prices higher far faster than income growth. Investors are now a far smaller share. According to RealtyTrac, all-cash home sales fell to the lowest level since 2008 as buyers using low down payment FHA loans rose to the highest level in over two years.

the deals are over.. hopefully the gubberment learns to not take on bad loans.