Cash sales of houses in the US have reached the lowest level in nine years, now constituting 34% of total home sales, down from 30% in July 2014. High-credit borrowers, those with FICO scores above 700, are said to be taking the cash buyers places; the number of low-credit borrowers has remained largely flat.
Cash sales of houses in the US have reached the lowest level in nine years, now constituting 30% of total home sales, down from 34% in July 2014. High-credit borrowers, those with FICO scores above 700, are said to be taking the cash buyers places; the number of low-credit borrowers has remained largely flat.