Cash sales differ in different states according to corelogic.
“Cash continues to be a major factor in sales of real estate-owned (REO) properties at 59.8 percent but those sales themselves are shrinking, down to 9.7 percent in February, so have a dwindling effect on the overall market. Cash accounted for 37.6 percent of resales, 34.3 percent of short sales, and 15.8 percent of newly constructed home sales. ”
