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Existing-Home Sales Feel TRID’s Wrath

One of the major drivers of November’s dropoff in the pace of existing-home sales is likely the implementation of the “Know Before You Owe” mortgage rule, commonly known as the TILA-RESPA Integrated Disclosure rule, which went into effect on October 3.

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Are All-Cash Home Sales Disappearing in the Housing Market?

The share of residential home sales that are all-cash transactions has been on the steady decline for nearly five years. At their peak, all-cash sales accounted for nearly half of all home sales; now that percentage is down below one-third, according to data released by CoreLogic on Monday.

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