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

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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


Calculated Risk

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