Cash home sales continue decline, falling to 35.5%

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Cash home sales, which hit record highs as bargain hunting investors plunked down greenbacks to reach feverish levels have declined as the inventory of lower priced foreclosures evaporates in many U.S. regions. The drop in cash sales follows a steady decline in bank owned properties, despite.

 · Debenhams issues fresh profit warning as sales continue to drag. closures in exchange for a further cash lifeline from its lenders, said that while sales had continued to fall since its last.

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As expected, Gilead’s hepatitis C virus (HCV) sales continued to drop. Combined HCV sales in the first quarter totaled .58 billion, down a whopping 40% from the prior-year period. Even with Epclusa’s sales soaring to $892 million, the huge declines for Harvoni and Sovalid were simply too much for the newer HCV drug to offset.

Distressed Sales Hit Lowest Share for May Since 2007. On the other end, California showed the largest improvement, with its sales share falling 58.1% from its January 2009 peak of 67.5%. Areas in Florida-including Orlando, Miami and Tampa-had the largest share of distressed sales.

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In January of 2016, cash sales comprised 35.5% of all home sales, down from 39.7% in January of 2015, marking the 37th consecutive year-over-year monthly decline.

Federal Reserve’s decision to hold rates at near-zero levels could give the housing industry a boost. WASHINGTON-Rising home prices are starting to catch up with buyers and may be leading some to put off buying for a little longer. Existing home sales tumbled 4.8% in August to a 5.31 million seasonally adjusted annual rate,

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The drop in home sales in recent months has been explained by a lack of inventory. If there are fewer houses for sales, it stands to reason that fewer houses are going to be sold. But real estate.