RSS Feed by Calculated Risk on 10/23/2012 04:42:00 PM
Tuesday, October 23, 2012
Lawler: Estimated REO Inventories by State
CR Note: This is a very useful website. The estimate of lender Real Estate Owned (REO) in June was very close to the bottom up estimate using data from the FHA, Fannie, Freddie, the FDIC and more.
From economist Tom Lawler:
Folks interested in REO inventories by state might want to take at look at the website below from the FRB of New York. According to the FRBoNY, the data were “provided by CoreLogic under contract.”
An Assessment of the Distressed Residential Real Estate Situation
The site shows a map and you have to click on each state to get data, and I couldn’t get DC (I don’t think it was available!), but here’s the data for June 30, 2012
| Number of REO by State, June 2012 | |
|---|---|
| Northeast | |
| Connecticut | 2,345 |
| Maine | 910 |
| Massachusetts | 7,501 |
| New Hampshire | 2,847 |
| New Jersey | 1,979 |
| New York | 2,557 |
| Pennsylvania | 7,712 |
| Rhode Island | 2,110 |
| Vermont | 264 |
| South | |
| Alabama | 7,644 |
| Arkansas | 1,027 |
| Delaware | 1,163 |
| District of Columbia | |
| Florida | 44,677 |
| Georgia | 33,537 |
| Kentucky | 4,442 |
| Louisiana | 4,756 |
| Maryland | 4,614 |
| Mississippi | 2,907 |
| North Carolina | 12,005 |
| Oklahoma | 3,009 |
| South Carolina | 5,775 |
| Tennessee | 10,575 |
| Texas | 22,528 |
| Virginia | 8,810 |
| West Virginia | 1,780 |
| Midwest | |
| Illinois | 33,584 |
| Indiana | 7,548 |
| Iowa | 2,792 |
| Kansas | 3,540 |
| Michigan | 38,275 |
| Minnesota | 16,761 |
| Missouri | 10,821 |
| Nebraska | 1,184 |
| North Dakota | 128 |
| Ohio | 18,533 |
| South Dakota | 471 |
| Wisconsin | 9,807 |
| West | |
| Alaska | 494 |
| Arizona | 12,465 |
| California | 49,299 |
| Colorado | 8,596 |
| Hawaii | 936 |
| Idaho | 2,131 |
| Montana | 826 |
| Nevada | 7,882 |
| New Mexico | 2,575 |
| Oregon | 4,452 |
| Utah | 4,193 |
| Washington | 7,461 |
| Wyoming | 905 |
| Total (ex-DC) | 443,133 |
