Cash sales continued their decline as a share of the total market in the first quarter of 2016.
According to the latest numbers from RealtyTrac, cash buyers, those who didn't take out a mortgage, represented 36 percent of all sales in the Chicago area last quarter, a 40.4 percent decline from the previous year.
The decline in cash sales is a sign the market is returning to health. Cash buyers represented, in part, interest from investors buying bargain-priced homes in the years after the housing bust. As they decline as a percentage of the market, more traditional home buyers are taking their place.
Read more at Crain's here.