Cash Sales and Rent Market #realestatenews #investment

Cash Sales on Homes Continue to Decline
Source:  HousingWire

Cash sales accounted for 36.4 percent of total home sales in November 2015, down 0.7 percent year over year.  In November 2014, cash sales totaled 37.1 percent, and month-over-month cash sales increased by 2.5 percent from October to November.  The year-over-year decrease was the lowest in almost three years.  The elevated cash share for November was most likely related to the new federal mortgage rules that took effect in October 2015.  The cash sales peaked in January 2011 at 46.6 percent.  Prior to the housing crisis, the cash share of total home sales averaged about 25 percent.

Single-Family Built-for-Rent Market is on the Rise
Source:  DSNews

The increased popularity of the single-family rental market in the last two years has led to an increased number of these homes being built for the expressed purpose of renting.  The market for detached single-family homes built-for-rent is on the rise despite a falling market share in the last three years, according to analysis by the National Association of Home Builders.  Reportedly, the number of these homes built for the purpose of renting ticked up from 25,000 in 2014 to 26,000 in 2015.  For the fourth quarter of 2015, built-for-rent, single-family homes accounted for about 3.5 percent of all SFR starts, according to data from the Census Bureau.

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