Hanley Wood Market Intelligence

Study Finds 38% of Homes Purchased in 2011 Bought with Cash

By Carrie Bay | 12/23/2011

Despite record low mortgage rates, 2011 has seen a surprisingly high level of cash home purchases, according to the real estate research firm Hanley Wood Market Intelligence. Analysts with the company say between tight lending standards and a desperate search for yield by investors, cash purchases of homes - particularly for distressed properties - are becoming more common. The company's study found 38 percent of homes purchased in 2011 were bought with all cash.
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Report: Modesto Claims Highest Share of REO Sales in the Nation

By Carrie Bay | 12/10/2010

Where do REOs take the largest piece of the home sales pie? According to data compiled by the independent real estate research and analytical firm Hanley Wood Market Intelligence, it's Modesto, California. In this Northern California city, Hanley Wood found that 60.5 percent of total home sales closings during the third quarter of this year were for bank-owned properties. By comparison, the company says the national average is 28 percent. REOs also comprised the majority of all home sales transactions in seven other metropolitan areas.
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