Economist Tom Lawler sent me the table below of short sales, foreclosures and all cash sales for selected cities in November.
On distressed: The total “distressed” share is down year-over-year in all of these markets.
Short sales and foreclosures are mostly down in these areas.
The All Cash Share (last two columns) is mostly declining year-over-year. As investors continue to pull back, the share of all cash buyers continues to decline.
| Short Sales Share |
Foreclosure Sales Share |
Total “Distressed” Share |
All Cash Share |
|||||
|---|---|---|---|---|---|---|---|---|
| Nov- 2016 |
Nov- 2015 |
Nov- 2016 |
Nov- 2015 |
Nov- 2016 |
Nov- 2015 |
Nov- 2016 |
Nov- 2015 |
|
| Las Vegas | 4.0% | 7.1% | 6.5% | 6.2% | 10.5% | 13.3% | 26.9% | 33.2% |
| Reno** | 2.0% | 4.0% | 3.0% | 4.0% | 5.0% | 8.0% | ||
| Phoenix | 1.5% | 2.9% | 2.2% | 3.8% | 3.7% | 6.7% | 23.4% | 29.1% |
| Sacramento | 2.6% | 4.4% | 2.4% | 3.6% | 5.0% | 8.0% | 12.9% | 22.9% |
| Minneapolis | 1.8% | 2.6% | 4.8% | 9.6% | 6.6% | 12.2% | 12.7% | 16.6% |
| Mid-Atlantic | 3.1% | 3.9% | 9.4% | 11.9% | 12.6% | 15.8% | 17.5% | 20.9% |
| Florida SF | 2.2% | 3.7% | 8.1% | 15.3% | 10.3% | 19.0% | 29.5% | 37.7% |
| Florida C/TH | 1.3% | 2.4% | 6.1% | 13.4% | 7.4% | 15.7% | 57.2% | 65.4% |
| Chicago (city) | 15.5% | 18.6% | ||||||
| Spokane | 6.7% | 9.8% | ||||||
| Northeast Florida | 13.7% | 26.2% | ||||||
| Rhode Island | 9.2% | 11.2% | ||||||
| Tucson | 23.1% | 32.2% | ||||||
| Knoxville | 21.3% | 26.0% | ||||||
| Peoria | 23.2% | 27.2% | ||||||
| Georgia*** | 19.7% | 25.2% | ||||||
| Omaha | 18.1% | 20.6% | ||||||
| Richmond VA | 8.8% | 10.2% | 17.2% | 21.0% | ||||
| Memphis | 10.9% | 15.3% | ||||||
| Springfield IL** | 5.6% | 8.6% | ||||||
| *share of existing home sales, based on property records **Single Family Only ***GAMLS |
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