Corcoran Urban Real Estate

Chicago Buyers Aren't Using Cash

Chicago Buyers Aren't Using Cash

Real estate markets across the country continued to see cash sales decline as a percentage of the total market, a sign of a continuing return to health.

Nationally, CoreLogic reported that cash sales fell 2.6 percent as a share of the market as of the third quarter of 2015 but nationally they still averaged 36.4 percent, up from the pre-crash average of about 25 percent.

The good news though is in Chicago, where cash sales made up 29.3 percent of total sales in the city after dropping 4 points from the same time the year before, putting Chicago closer to full health than the nation as a whole.

For more, head over to Chicago Agent Magazine here.