53 Percent of Cook County Condo Transactions Paid in Cash

The subprime mortgage market collapse in 2007 heralded a new era of lending, one defined by caution and conservatism ? and as a result, as housing demand continued to grow, mortgage supply dwindled.
But as a new study by the Institute of Housing Studies at DePaul University points out, in the Cook County markets, cash transactions have stepped in to fill that void, especially in high-foreclosure areas, where cash financed an incredible 70 percent of transactions. Here are some of the studies other major findings:


Between 2005 and 2011, financed home purchases ...

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