Report: Majority of August Home Sales were Cash Purchases

This past Wednesday, research firm RealtyTrac reported that 62 percent of all August sales in Nevada were cash purchases. The vast majority of these purchases were made by investors, who are responsible for sustaining a high level of cash and investment sales in our local housing market. Comparatively in this same month, 45 percent of all home sales on the national level were made via cash purchases.

Read the article for more information:
http://www.reviewjournal.com/business/housing/report-majority-august-home-sales-were-cash-purchases

Source: REVIEWJOURNAL.com