Cash Sales at 33 Percent of Residential Sales

Approximately 33 percent of respondents reported cash sales in January [1]. About 13 percent of reported sales made by a first-time buyer were cash sales compared to about 50 to 70 percent for investors and international buyers. See the January REALTORS® Confidence Index Survey report for more information.

[1] The RCI Survey asks about the most recent sale for the month.

Jed Smith, Managing Director, Quantitative Research

Jed Smith is Managing Director, Quantitative Research with the National Association of Realtors®. He has worked on real estate issues for the past 20 years, providing input on a variety of housing, commercial real estate, tax, and planning issues. Recently he has been involved in several international studies.

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