- The share of cash purchases made in Region 7 (Indiana, Illinois, Wisconsin) during the 3rd quarter rose from 22% to 26% at the same time the investor share eased.
- In an environment of record low mortgage rates, at or below 4% for much of this period, these trends suggest that tight lending standards continue to force homebuyers to bring large amounts of cash to the table, limiting the pool of eligible borrowers.
- To find the full surveys for each region, click here >
Advertisement