Lawler: Update Table of Distressed Sales and Cash buyers for Selected Cities in November

Economist Tom Lawler sent me the updated table below of short sales, foreclosures and cash buyers for several selected cities in November.

From CR: This is just a few markets, but total "distressed" share is down significantly, mostly because of a decline in short sales.  Foreclosure are down in most areas too.


The All Cash Share (last two columns) is mostly declining year-over-year.  As investors pull back in markets (like Vegas and Phoenix) the share of all cash buyers will probably decline.

Note: Several key areas have not reported for November yet.   Existing home sales for November will be released next week on Thursday, and the consensus is for sales to decline to a 5.05 million seasonally adjusted annual rate (SAAR), down from 5.12 SAAR in October.

	Short Sales Share		Foreclosure Sales Share		Total "Distressed" Share		All Cash Share
	Nov-13	Nov-12	Nov-13	Nov-12	Nov-13	Nov-12	Nov-13	Nov-12
Las Vegas	21.0%	41.2%	7.0%	10.7%	28.0%	51.9%	43.7%	52.7%
Reno	17.0%	41.0%	6.0%	9.0%	23.0%	50.0%
Phoenix	7.8%	23.2%	8.0%	12.9%	15.8%	36.1%	34.0%	43.2%
Minneapolis	5.0%	11.1%	17.0%	24.5%	22.0%	35.6%
Mid-Atlantic	7.5%	11.9%	8.1%	8.7%	15.7%	20.6%	19.6%	20.0%
Toledo							37.2%	40.9%
Tuscon							32.6%	33.8%
Des Moines							19.9%	22.1%
Peoria							21.8%	21.2%
Omaha							21.6%	19.8%
Hampton Roads					26.9%	28.3%
Northeast Florida					36.4%	41.8%
Spokane			16.0%	9.1%
Memphis*			20.4%	24.4%
Birmingham AL			21.0%	26.5%
Springfield IL			17.0%	15.8%
*share of existing home sales, based on property records