Home purchases made with cash are on the decline across the country, according
to Zillow, but cash sales still make up a significant portion of the lower-priced home market in many areas. Cash sales declined year-over-year in the first quarter in 102 of the 126 metro areas. Chalked up the decline to waning investor demand and a resurgence of traditional buyers in the market. It's heartening to see more buyers armed with traditional financing begin to enter the market, said Stan Humphries. 'This is a critical step on the way back to a more normal, balanced housing market.' Also May shows a slight increase in mortgage closing rates, read more.
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