Steven Hansen: Relevance of Mortage Application Data is Diminished

February 9th, 2011
in Background

dollar tower Econintersect:  Analyst Steven Hansen points out that there has been a dramatic increase in all cash transactions for home purchases in the U.S.  This is coming from increased activity by domestic investors as well as foreign buyers.  In some markets all cash purchases are 4-5 times what they were in 2006.

Follow up:

A number of markets have 20-30% of purchases for cash.  In Miami more than 50% of sales are for cash, while Las Vegas comes in over 45% and Tampa is just under 45%.

Source:  GEI Analysis 

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved