RSS Feed by Calculated Risk on 5/21/2015 03:26:00 PM
Thursday, May 21, 2015
Lawler: Updated Table of Distressed Sales and Cash buyers for Selected Cities in April
Economist Tom Lawler sent me the updated table below of short sales, foreclosures and cash buyers for several selected cities in April.
On distressed: Total "distressed" share is down in most of these markets mostly due to a decline in short sales (Mid-Atlantic is up year-over-year because of an increase in foreclosures in Baltimore).
Short sales are down in these areas.
The All Cash Share (last two columns) is declining year-over-year. As investors pull back, the share of all cash buyers has been declining.
| Short Sales Share | Foreclosure Sales Share | Total "Distressed" Share | All Cash Share | |||||
|---|---|---|---|---|---|---|---|---|
| Apr-15 | Apr-14 | Apr-15 | Apr-14 | Apr-15 | Apr-14 | Apr-15 | Apr-14 | |
| Las Vegas | 7.2% | 12.4% | 8.3% | 11.4% | 15.5% | 23.8% | 30.4% | 41.4% |
| Reno** | 6.0% | 15.0% | 5.0% | 6.0% | 11.0% | 21.0% | ||
| Phoenix | 2.5% | 4.0% | 3.8% | 6.5% | 6.3% | 10.5% | 25.3% | 32.2% |
| Sacramento | 5.6% | 9.5% | 6.6% | 7.5% | 12.2% | 17.0% | 18.4% | 21.9% |
| Minneapolis | 2.9% | 5.1% | 9.2% | 16.0% | 12.0% | 21.1% | ||
| Mid-Atlantic | 4.5% | 5.9% | 12.9% | 10.0% | 17.3% | 15.9% | 17.2% | 19.5% |
| Orlando | 4.8% | 9.1% | 24.7% | 23.7% | 29.5% | 32.8% | 37.4% | 42.4% |
| Florida SF | 4.0% | 6.9% | 19.1% | 21.1% | 23.1% | 28.0% | 37.2% | 43.4% |
| Florida C/TH | 2.0% | 4.5% | 14.6% | 15.6% | 16.6% | 20.1% | 65.4% | 70.9% |
| Miami MSA SF | 6.2% | 10.5% | 18.4% | 16.5% | 24.7% | 27.0% | 37.8% | 44.4% |
| Miami MSA C/TH | 2.3% | 5.5% | 18.2% | 17.5% | 20.6% | 23.0% | 68.9% | 73.4% |
| Tampa MSA SF | 4.5% | 7.0% | 20.3% | 23.2% | 24.8% | 30.1% | 34.5% | 41.6% |
| Tampa MSA C/TH | 2.9% | 4.6% | 15.5% | 18.8% | 18.4% | 23.3% | 60.8% | 66.7% |
| So. California* | 4.4% | 5.0% | 4.5% | 5.2% | 8.9% | 10.2% | ||
| Chicago (city) | 20.3% | 27.3% | ||||||
| Hampton Roads | 22.2% | 24.4% | ||||||
| Northeast Florida | 28.9% | 38.0% | ||||||
| Hampton Roads | 22.2% | 24.4% | ||||||
| Tucson | 27.1% | 30.5% | ||||||
| Toledo | 30.2% | 33.4% | ||||||
| Wichita | 19.8% | 25.1% | ||||||
| Des Moines | 13.8% | 17.1% | ||||||
| Peoria | 17.3% | 21.2% | ||||||
| Georgia*** | 21.6% | 34.3% | ||||||
| Omaha | 16.4% | 22.3% | ||||||
| Pensacola | 32.3% | 35.6% | ||||||
| Knoxville | 23.1% | 25.3% | ||||||
| Richmond VA MSA | 11.5% | 15.4% | 18.2% | 22.5% | ||||
| Memphis | 16.1% | 17.3% | ||||||
| Springfield IL** | 10.3% | 13.2% | 17.9% | N/A | ||||
| *share of existing home sales, based on property records **Single Family Only ***GAMLS | ||||||||
