Fewer cash home sales in Tacoma-Lakewood in November

Cash home sales in the Tacoma-Lakewood area were down for November compared with the same period in 2014, according to latest numbers from real estate analyst company CoreLogic.

Cash transactions accounted for 19.7 percent of all sales, a 3.7 percent decrease.

Cash sales in Tacoma-Lakewood were lower than the 36.4 percent national rate. That rate was down 0.7 percent from November 2014.

Cash sales of homes nationally peaked in January 2011 at 46.6 percent. Real estate-owned sales — homes owned by a lender such as a bank — had the largest slice of cash sales in November 2015 at 63.2 percent but accounted for only 8.7 percent of all sales. Resales had the next highest cash sales share at 35.7 percent, followed by short sales at 34.3 percent and new construction at 16.7 percent.

This story was originally published February 26, 2016 at 5:39 AM with the headline "Fewer cash home sales in Tacoma-Lakewood in November."