by Calculated Risk on 12/17/2013 05:41:00 PM

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, foreclosure are down in most areas, and short sales are off sharply year-over-year.


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: Existing home sales for November will be released on Thursday, and Tom Lawler is projecting the NAR will report sales of 4.98 million on a seasonally adjusted annual rate basis. The consensus is for sales to decline to a 5.05 million 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%
Sacramento	11.0%	36.1%	4.6%	11.5%	15.6%	47.6%	25.0%	37.1%
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%
Orlando	13.5%	29.4%	20.3%	21.1%	33.8%	50.5%	46.5%	54.2%
California*	12.3%	26.2%	6.8%	16.9%	19.1%	43.1%
Bay Area CA*	9.1%	23.2%	3.7%	12.5%	12.8%	35.7%	22.0%	28.9%
So. California*	12.7%	26.6%	6.3%	15.4%	19.0%	42.0%	27.2%	34.0%
Hampton Roads					26.9%	28.3%
Northeast Florida					36.4%	41.8%
Chicago					35.0%	43.0%
Tucson							32.2%	0.338
Toledo							37.2%	0.409
Des Moines							19.9%	22.1%
Peoria							21.8%	21.2%
Omaha							21.6%	19.8%
Spokane			16.0%	9.1%
Houston			7.7%	15.0%
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