In South Florida, 69% of all home sales this summer were cash, with a statewide rate of 66% according to data from RealtyTrac.
Mortgage Bankers Association says 25% of home sales currently are cash deals.
Real estate program aimed at making credit unions one-stop shop for members and purchase mortgages.
For credit unions wanting to grow their purchase-mortgage portfolios, the secret is online.
A CUSO that helps credit unions increase the number of purchase money mortgages has urged credit unions to consider housing finance less as the marketing of loan products and more as creating a leading sales channel.