Cash sales made up 33 percent of all U.S. home sales during June 2014, the lowest share since September 2008 and down from 36.3 percent last year at this time, according to a monthly survey by CoreLogic.
Cash sales peaked in January 2011 when all-cash deals represented 46.2 percent of all sales. Such deals have been falling, however, since January 2013. Prior to the housing crisis, cash sales accounted for just an average of 25 percent of all sales.
In Minnesota, buyers paid cash in 24 percent of all deals. Here's a look at where cash sale were most common:
- Florida: 50.9 percent
- Alabama: 48.1 percent
- New York: 44.6 percent
- Kentucky: 40.1 percent
- Nevada: 40 percent
