Cash Sales 38% of National Home Sales in February

IRVINE, Calif. -- Cash sales made up 37.9% of total home sales nationally in February 2015, down from 40.6% in February 2014. Percentages for Ohio and Pennsylvania were 43% and 40%, respectively. The year-over-year share has fallen each month since January 2013, making February 2015 the 26th consecutive month of declines, according to a report from CoreLogic. Month over month, the cash sales share fell by 1 percentage point. Due to seasonality in the housing market, cash sales share compar

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