Emeryville, California-based ZipRealty Inc. studied industry data on all-cash home sales and its own ZipRealty brokerage transaction data, and concluded that the share of all-cash deals may be slowly declining. The company's findings also showed that the share of all-cash deals was highest in Las Vegas at 48 percent of sales.
After reaching a nationwide five-year high in 2010 at 27 percent of home sales, the share of all-cash sales has "slowly declined or flattened every subsequent year," the company noted in a press release.
The company analyzed all ZipRealty transactions from January 2012 through December 2013 and concluded, "One out of every four real estate transactions closed without financing."
"Upon first glance, it may seem high that a quarter of all ZipRealty home sales closed without financing in 2012 and 2013," said Lanny Baker, ZipRealty president and chief executive officer. "But based on our own internal analysis and data from the...