Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

WSJ: "Cash buyers are playing a large role. About 23% of September existing-home sales were purchased in cash, up from 18% a year earlier, NAR said.

Though prices remain near record highs, the pace of price growth is slowing. The median existing-home price rose 13.3% in September from a year earlier, NAR said, to $352,800. That compares to a 15.2% increase the prior month.

Price cuts are becoming more common, too. Nearly 15% of listings lowered their prices in September, up from 7.9% in April, according to Zillow Group Inc."