by Calculated Risk on 6/18/2014 06:51:00 PM
Wednesday, June 18, 2014
Lawler: Updated Table of Distressed Sales and Cash buyers for Selected Cities in May
Economist Tom Lawler sent me the updated table below of short sales, foreclosures and cash buyers for several selected cities in May.
Lawler notes that Orlando is one of a few markets in Florida where foreclosure share of sales up a decent amount from year ago.
On distressed: Total "distressed" share is down in all of these markets, mostly because of a sharp decline in short sales.
Short sales are down in all of these areas.
Foreclosures are down in most of these areas too, although foreclosures are up a little in a couple of areas.
The All Cash Share (last two columns) is mostly declining year-over-year.
As investors pull back, the share of all cash buyers will probably continue to decline.
Short Sales Share | Foreclosure Sales Share | Total "Distressed" Share | All Cash Share | |||||
---|---|---|---|---|---|---|---|---|
May-14 | May-13 | May-14 | May-13 | May-14 | May-13 | May-14 | May-13 | |
Las Vegas | 7.9% | 31.8% | 9.1% | 10.3% | 17.0% | 42.1% | 40.2% | 57.9% |
Reno** | 11.0% | 27.0% | 6.0% | 7.0% | 17.0% | 34.0% | ||
Phoenix | 3.9% | 12.3% | 6.7% | 9.7% | 10.7% | 22.0% | 29.5% | 38.9% |
Sacramento | 7.0% | 22.5% | 8.3% | 7.5% | 15.3% | 30.0% | 20.5% | 33.6% |
Minneapolis | 3.9% | 6.8% | 12.1% | 19.9% | 16.0% | 26.7% | ||
Mid-Atlantic | 5.2% | 8.2% | 8.1% | 7.2% | 13.3% | 15.5% | 17.2% | 16.7% |
Orlando | 9.2% | 22.1% | 24.7% | 19.0% | 34.0% | 41.2% | 43.8% | 53.9% |
California * | 6.0% | 11.3% | 6.9% | 15.0% | 12.9% | 26.3% | ||
Bay Area CA* | 4.7% | 10.4% | 3.1% | 6.5% | 7.8% | 16.9% | 22.9% | 27.6% |
So. California* | 6.6% | 15.7% | 5.8% | 10.9% | 12.4% | 26.6% | 25.8% | 32.6% |
Hampton Roads | 21.3% | 26.3% | ||||||
Northeast Florida | 36.5% | 37.8% | ||||||
Toledo | 36.6% | 33.8% | ||||||
Wichita | 24.3% | 23.0% | ||||||
Des Moines | 17.5% | 17.3% | ||||||
Tucson | 31.3% | 32.8% | ||||||
Omaha | 19.4% | 14.1% | ||||||
Pensacola | 32.6% | 32.1% | ||||||
Georgia*** | 26.0% | NA | ||||||
Peoria | 19.6% | 21.7% | ||||||
Georgia*** | 26.0% | NA | ||||||
Spokane | ||||||||
Houston | 4.5% | 9.4% | ||||||
Memphis* | 15.9% | 21.5% | ||||||
Birmingham AL | ||||||||
*share of existing home sales, based on property records **Single Family Only ***GAMLS |