Monday 29 August 2016

Lawler: Table of Distressed Sales and All Cash Sales for Selected Cities in July

Economist Tom Lawler sent me the table below of short sales, foreclosures and all cash sales for selected cities in July.

On distressed: Total "distressed" share is down year-over-year in all of these markets (except Springfield).

Short sales and foreclosures are down in all of 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
July-
2016
July-
2015
July-
2016
July-
2015
July-
2016
July-
2015
July-
2016
July-
2015
Las Vegas 5.7% 7.1% 5.9% 7.7% 11.6% 14.8% 25.8% 27.1%
Reno** 3.0% 3.0% 1.0% 2.0% 4.0% 5.0%    
Phoenix 1.6% 2.8% 2.2% 3.4% 3.8% 6.3% 19.7% 21.9%
Sacramento 2.6% 4.7% 2.1% 4.6% 4.7% 9.3% 14.4% 18.1%
Minneapolis 1.0% 2.0% 3.6% 5.5% 4.6% 7.5% 11.3% 11.7%
Mid-Atlantic 2.7% 3.4% 7.6% 9.4% 10.4% 12.8% 15.0% 15.8%
So. California*         4.9% 7.1% 19.6% 21.6%
Bay Area CA*         3.2% 4.7% 18.6% 20.1%
Florida SF 2.4% 3.4% 8.0% 16.3% 10.4% 19.7% 26.6% 32.6%
Florida C/TH 1.6% 2.4% 7.0% 15.2% 8.6% 17.6% 53.7% 59.1%
Miami MSA SF 3.8% 5.1% 9.5% 16.5% 13.4% 21.6% 27.9% 31.8%
Miami MSA C/TH 1.7% 3.5% 9.5% 18.8% 11.2% 22.2% 56.7% 61.9%
Tampa MSA SF 2.8% 3.6% 8.3% 16.4% 11.1% 20.0% 25.7% 33.9%
Tampa MSA C/TH 1.6% 2.0% 6.7% 14.8% 8.3% 16.8% 50.2% 56.1%
Chicago (city)         10.5% 13.5%    
Northeast Florida         12.8% 26.3%    
Spokane         5.7% 9.1%    
Tucson             21.6% 23.7%
Orlando             28.4% 34.5%
Toledo             24.3% 27.0%
S.C. Wisconsin             14.4% 15.2%
Knoxville             20.6% 21.8%
Peoria             22.7% 15.6%
Georgia***             18.5% 20.3%
Omaha             13.0% 13.2%
Pensacola             28.0% 28.5%
Rhode Island             7.8% 8.8%
Richmond VA         6.0% 8.4% 15.9% 18.1%
Memphis         8.1% 12.8%    
Springfield IL**         6.3% 4.7%    
*share of existing home sales, based on property records
**Single Family Only
***GAMLS


from
http://feedproxy.google.com/~r/CalculatedRisk/~3/VGjuoafLkSc/lawler-table-of-distressed-sales-and.html

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