Jonathan Burdick

Home sales in July (single family, townhouse & condo combined) were 4.9% lower than June, with a 4.6% fall in single family and a 7.5% fall in townhouse & condo sales. Total sales were down 18.1% from July 2013 with single family down 18.7% and townhouse & condo sales down 13.3%. The gap between 2013 and 2014 sales closed opened wider than in June because July was an unusually strong month last year. Thanks to the price rises between July 2013 and July 2014, the drop

All-Cash Sales Fall To Six-Year Low The market share of all-cash home sales continues to fall and in June made up the lowest share since the beginning of the financial crisis. CoreLogic said today that cash sales comprised 33 percent of all home sales in June compared to 34.4 percent in May. Prior to the crisis cash transactions generally averaged 25 percent of all home sales. Cash sales hit a peak of 46.2 percent of sales in January 2011. The share was also down on an ann