All-cash sales have become increasingly prevalent in the post-boom marketplace, but how common are they here in our metro area?
All-cash financing has become one of the most notable developments of the post-boom housing markets, with homes being purchased via the method by investors, foreign homebuyers and wealthier clientele looking to skirt banks’ increasingly tight lending standards.
Not all metro areas and states, though, have seen the same level of all-cash financing, and we decided to find out what share of Chicagoland’s home sales went the all-cash route. Using data provided to us by the awesome folks at CoreLogic, we put together the following graph, which uses home sale data from September, the most recent month of available data.
So what percentage of Chicagoland’s home sales are all-cash? Find out: