Black Knight reported in its October Mortgage Monitor that the percentage of cash utilized in home purchases is declining. Less cash is flowing towards home purchases. Specifically, in the third quarter of 2015, cash sales declined from 32 percent in Q3 2014 to 28 percent in Q3 2015. For reference and perspective, the peak was 43 percent in 2012. And cash purchases on condominiums is now below 50 percent, touching down on a five-year low.
- The percentage of cash utilized in home purchases is declining -- less cash is flowing toward home purchases.