Cash sales drop to 34% of all home sales in April 2015
By Jeff Sorg, OnlineEd Blog, July 29, 2015
Irvine, CA. – Cash sales made up 33.7 percent of total home sales in April 2015, which is down from 37.4 percent in April 2014, according to the Core Logic July 2015 Market Pulse publication. Cash sales have fallen year-over-year each month since January 2013. April 2015 is the 28th consecutive month of decline.
According to Core Logic’s report, cash sales peaked in January 2011 when cash made up 46.5 percent of total home sales. Prior to the crash the report estimates total home sales averaged 25 percent of the market.
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Jeff Sorg, an Oregon licensed Principal Broker, is a co-founder of OnlineEd®, a Web-based vocational school founded in 1997 where he also serves as Corporate Secretary, Chief Operating Officer, and School Director. Sorg holds vocational instructor licenses for real estate education in Oregon, Washington, California, Flordia, and Nevada and has authored numerous pre-licensing and continuing education courses in those states. Sorg holds the International Distance Education Certification Center’s CDEi Designation for distance education, originally awarded in 2008.
OnlineEd® provides real estate, mortgage broker, insurance, and contractor pre-license, post-license, continuing education, career enhancement, and professional development and designation courses over the Internet.