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

Economist Tom Lawler sent me a preliminary table below of short sales, foreclosures and all cash sales for a few selected cities in March.

On distressed: Total "distressed" share is down in all of these markets.

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 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
	Mar- 2016	Mar- 2015	Mar- 2016	Mar- 2015	Mar- 2016	Mar- 2015	Mar- 2016	Mar- 2015
Las Vegas	5.9%	8.3%	7.1%	9.3%	13.0%	17.6%	27.7%	32.4%
Reno**	3.0%	5.0%	3.0%	8.0%	6.0%	13.0%
Phoenix							24.6%	27.5%
Sacramento	4.5%	5.4%	5.5%	6.9%	10.0%	12.4%	17.3%	19.3%
Minneapolis	2.5%	3.0%	10.9%	12.4%	13.4%	15.4%
Mid-Atlantic	4.4%	4.7%	13.6%	14.0%	18.0%	18.8%	18.3%	18.2%
Riverside	2.4%	3.5%	3.2%	5.0%	5.6%	8.5%	18.2%	19.2%
San Bernardino	2.4%	4.1%	3.2%	5.2%	5.6%	9.3%	20.7%	21.8%
Riverside	2.4%	3.5%	3.2%	5.0%	5.6%	8.5%	18.2%	19.2%
Richmond VA			9.8%	11.9%			17.3%	18.0%
Chicago (city)					19.6%	21.9%
Northeast Florida					19.9%	30.9%
Toledo							30.6%	32.7%
Tucson							25.8%	32.0%
Georgia***							21.0%	23.2%
Omaha							16.3%	16.1%
Pensacola							28.3%	33.4%
Memphis			15.0%	15.3%
Springfield IL**					11.2%	12.1%	18.1%	N.A.
*share of existing home sales, based on property records **Single Family Only ***GAMLS

from
http://feedproxy.google.com/~r/CalculatedRisk/~3/9jHiE83c--I/lawler-preliminary-table-of-distressed.html