I took some time today to go over some NorthstarMLS data (the Twin Cities area MLS data service) to see how home buyer financing has changed over the last few years and put together a few pie charts that I thought you might enjoy. Click on each image for a bigger view:
Buyer financing shifted dramatically from 2007 to 2008 as FHA and Cash became far more popular financing options and shifted again in 2009 when FHA and Cash doubled in percent usage. There are several different trends happening here that explain these numbers and I am going to go into more detail on those trends in future blog posts.
