Further evidence that the housing market locally is continuing its march toward normalcy, the February data that was released by CoreLogic found that cash sales as a part of the market have continued a steady decline.
Nationally, cash sales declined about 3 percent from the previous year, settling at 37.9 percent of total sales, continuing a trend of over two years of monthly declines.
Chicago beat the national number, declining 3.4 percent to a 36.7 percent share of total sales, close to the pre-crash level.
For more, head over to Chicago Agent Magazine here.