One of my chums was lamenting how difficult it is to buy homes right now if you’re a traditional buyer (read: borrowing money). I, being the nerd I am, popped into the NWMLS and whipped out the following stats.
Out of a total of 14,181 sales so far in 2013:
- 6,857 have been financed by conventional loans
- 3,801 have been financed via cash
- 2,448 via FHA insured loans
- 1,504 via VA
- 458 via USDA
And all the rest “other”.
So, a quick snap-shot for you. Summary: a significant number of sales are going to cash buyers, but loans still predominate. 63% of properties in this region are going with some kind of financing.
