RSS Feed by Calculated Risk on 8/21/2013 06:32:00 PM
Wednesday, August 21, 2013
Lawler: Table of Distressed Sales and Cash buyers for Selected Cities in July
Economist Tom Lawler sent me the updated table below of short sales, foreclosures and cash buyers for selected cities in July.
From CR: Look at the two columns in the table for Total "Distressed" Share. The share of distressed sales is down year-over-year in every area.
Also there has been a decline in foreclosure sales in all of these areas (except Springfield, Ill).
And short sales are now declining year-over-year too! This is a recent change - short sales had been increasing year-over-year, but it looks like both categories of distressed sales are now declining.
The All Cash Share is mostly staying steady or declining slightly. The all cash share will probably decline as investors decrease their buying.
| Short Sales Share | Foreclosure Sales Share | Total "Distressed" Share | All Cash Share | |||||
|---|---|---|---|---|---|---|---|---|
| Jul-13 | Jul-12 | Jul-13 | Jul-12 | Jul-13 | Jul-12 | Jul-13 | Jul-12 | |
| Las Vegas | 28.0% | 40.0% | 8.0% | 20.7% | 36.0% | 60.7% | 54.5% | 54.8% |
| Reno | 21.0% | 38.0% | 7.0% | 15.0% | 28.0% | 53.0% | ||
| Phoenix | 11.5% | 29.5% | 9.4% | 14.6% | 20.8% | 44.1% | 35.8% | 44.9% |
| Sacramento | 19.7% | 31.0% | 7.3% | 23.2% | 27.0% | 54.2% | 25.5% | 31.1% |
| Minneapolis | 5.6% | 9.3% | 15.0% | 24.5% | 20.6% | 33.8% | ||
| Mid-Atlantic | 7.2% | 11.3% | 6.6% | 8.7% | 13.8% | 20.0% | 16.1% | 17.9% |
| Orlando | 12.8% | 28.2% | 17.3% | 23.4% | 30.1% | 51.6% | 47.6% | 49.7% |
| California (DQ)* | 14.6% | 26.0% | 8.4% | 21.7% | 23.0% | 47.7% | ||
| Bay Area CA (DQ)* | 10.0% | 23.7% | 4.8% | 15.1% | 14.8% | 38.8% | 24.0% | 27.6% |
| So. California (DQ)* | 14.5% | 26.2% | 7.8% | 20.7% | 22.3% | 46.9% | 29.4% | 31.8% |
| Florida SF | 13.8% | 21.6% | 15.9% | 17.5% | 29.7% | 39.2% | 42.5% | 42.8% |
| Florida C/TH | 11.0% | 19.2% | 15.4% | 17.5% | 26.5% | 36.8% | 70.0% | 72.9% |
| Miami MSA SF | 17.4% | 23.0% | 12.6% | 16.5% | 30.0% | 39.5% | 44.0% | 43.1% |
| Miami MSA C/TH | 12.8% | 20.5% | 17.5% | 19.6% | 30.3% | 40.1% | 75.5% | 78.3% |
| Northeast Florida | 32.5% | 42.6% | ||||||
| Chicago | 29.0% | 36.0% | ||||||
| Rhode Island | 13.9% | 24.7% | ||||||
| Charlotte | 9.5% | 13.8% | ||||||
| Toledo | 35.0% | 36.5% | ||||||
| Wichita | 24.1% | 25.3% | ||||||
| Knoxville | 25.7% | 26.5% | ||||||
| Des Moines | 15.1% | 18.0% | ||||||
| Peoria | 18.6% | 20.7% | ||||||
| Tucson | 29.1% | 33.1% | ||||||
| Omaha | 15.9% | 15.6% | ||||||
| Pensacola | 30.0% | 31.2% | ||||||
| Akron | 25.5% | 30.0% | ||||||
| Houston | 7.8% | 16.3% | ||||||
| Memphis* | 16.7% | 26.9% | ||||||
| Birmingham AL | 17.2% | 27.2% | ||||||
| Springfield IL | 13.1% | 13.0% | ||||||
| *share of existing home sales, based on property records | ||||||||
