The company added that the rise in sales reflects the cash sales
booked in the quarter and is compared with the same quarter of the previous year.
Overall, BKFS found that in the first quarter of 2016, cash sales
declined to 35 percent of home sales, compared with 37 percent in the first quarter of 2015.
Current draw cash sales
for fiscal year 2016, which ends June 30, are at $88.6 million.
"Overthepast 10 quarters cash sales
have accounted for 39 percent of all home sales on average, and institutional investor purchases have accounted for 5.3 percent of all home sales on average.
In the first quarter of 2010, cash sales
represented 19 percent of all single-family home sales in Massachusetts.
The association, known as the CLA, whose members own and manage more than 250 different types of rural business, wants the Government to legislate to ban cash sales
of scrap metal.
The company claims the growth in cash sales
had more than offset the reduction in demand from the Post Office resulting from an increasing number of benefit payments being paid directly into bank accounts.
In Fior D'Italia, the Ninth Circuit sharply criticized the IRS's aggregate approach of using the tip rate on credit sales to estimate tips on cash sales
. Saying the tip rate on cash sales
is generally lower, the court reasoned
The company said cash sales
made up 28 percent of all third-quarter single-family home sales.
"The CBI's cash sales
on Monday had reached 29 millions and 500,000 US dollars, including the Bank's interest of 13 dinars per dollar, whilst the foreign transfers had reached 169 millions and 500,000 dollars, on an exchange rate of 1,183 dinars per dollar, including the Bank's interest of 13 dinars per dollar," the bulletin pointed out, adding that none of the 22 banks that shared in today's auction had offered a single dollar for sale in today's auction," it stressed.
Freddie Mac today released its monthly Outlook for August, which takes a look at how the limited supply of houses has created a highly competitive housing market, which in turn is helping to keep the share of cash sales
significantly above its historical norm and dampening mortgage originations.
The Bank's sales were distributed on cash sales
of 7 millions and 870,000 dinars, on an average rate of 1,183 dinars per dollar, including the CBI's interest of 13 dinars per dollar, whilst the Bank's foreign sales have reached 139 millions and 665,000 US dollars, on an average rate of 1,183 dinars per dollar and the Bank's interest rate of 13 Iraqi dinars per dollar.