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Housing Trends

October 2015 Cash Sales Share Falls 3 Percentage Points From a Year Ago

Cash Sales Accounted for 34 Percent of All Home Sales

Molly Boesel    |    Housing Trends

Cash sales accounted for 33.9 percent of total home sales in October 2015, down 2.6 percentage points from 36.4 percent in October 2014. On a month-over-month basis, the cash sales share increased by 1.4 percentage points in October 2015 compared with September 2015. The cash sales share typically increases month over month in October, and due to seasonality in the housing market, cash sales...

Property Tax Delinquency Varies Across States

Tax Delinquency Rates Declined Since the Economic Downturn in 2008

Dingxi Qiu    |    Housing Trends

An earlier Insights blog provided an overview of property taxes with a summary of property tax delinquency trends at the national level.  In this post, we examine state-level trends in property tax delinquency and how best to compare apples to...

National Months’ Supply of Homes For Sale at 5.7 in October 2015

Denver has the lowest months’ supply in October

Shu Chen    |    Housing Trends

Figure 1 Months' Supply By Price Tier

The U.S. home sales market remains strong, and the for-sale inventory remains lean. Nationally, the number of homes for-sale equated to a 5.7 months’ supply1 in October 2015, back down to the pre-housing-crisis level and only a third of its peak in January 2008.

Figure 1 breaks out the months’ supply into four price tiers: low price (0-75 percent of median...

Cash Sales Share Falls 3 Percentage Points From a Year Ago

Cash Sales Accounted for 32 Percent of All Home Sales in September 2015

Molly Boesel    |    Housing Trends

Cash Sales Share by Sale Type

Cash sales accounted for 32.5[1] percent of total home sales in September 2015, down 3.4 percentage points from 35.9 percent in September 2014. On a month-over-month basis, the cash sales share increased by 0.2 percentage points in September 2015 compared with August 2015. The cash sales share typically increases month over month in September, and due to seasonality in the housing...

California October Home Sales Downshift

Sales Dip Month to Month; Inch up Year Over Year

Andrew LePage    |    Housing Trends

California Home Sales During October Each Year

After a strong summer, California home sales weakened a bit in October, the likely result of inventory and affordability constraints, mainly.

An estimated 39,191 new and existing houses and condominiums sold statewide in October 2015. That was down 4.1 percent from 40,879 sales in September 2015 and up 2.3 percent from 38,305 sales in October 2014, CoreLogic public records data...

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