by Calculated Risk on 4/22/2013 05:58:00 PM

Economist Tom Lawler sent me the following table of cash buyers for selected cities in March 2013 compared to March 2012.  This suggests significant investor buying in certain areas (like Florida):

All-Cash Share of Home Sales
	Mar-13	Mar-12
Las Vegas	57.5%	54.5%
Orlando	55.2%	52.9%
Metro Detroit	45.5%	N/A
Memphis	41.2%	41.0%
Toledo	38.9%	40.3%
Phoenix	41.5%	49.8%
Sacramento	36.4%	32.0%
So. Cal (DQ)	34.1%	32.4%
Wichita	27.9%	30.2%
Knoxville	27.4%	28.4%
Des Moines	19.1%	21.7%
Bay Area Cal (DQ)	31.1%	29.4%
Mid-Atlantic	20.6%	20.8%
Florida SF	48.4%	47.1%
Florida C/TH	75.2%	77.8%
Miami-FL-PB MSA SF	45.5%	46.4%
Miami-FL-PB MSA C/TH	79.6%	82.1%
Tucson	35.0%	38.3%
Omaha	22.1%	15.7%
Pensacola	35.9%	32.1%
Akron	34.1%	38.7%

Lawler also sent me the updated table below of short sales and foreclosures for several selected cities in March.  Note the declines in total distressed sales and foreclosure sales.

	Short Sales Share		Foreclosure Sales Share		Total "Distressed" Share
	13-Mar	12-Mar	13-Mar	12-Mar	13-Mar	12-Mar
Las Vegas	33.3%	26.6%	11.2%	40.7%	44.5%	67.3%
Reno	32.0%	34.0%	9.0%	32.0%	41.0%	66.0%
Phoenix	15.1%	25.7%	11.6%	21.1%	26.8%	46.8%
Sacramento	27.0%	29.0%	10.5%	30.7%	37.5%	59.7%
Minneapolis	9.3%	12.4%	28.6%	36.5%	37.9%	48.9%
Mid-Atlantic (MRIS)	11.4%	13.2%	10.7%	14.7%	22.1%	27.9%
Orlando	21.7%	33.1%	21.3%	26.0%	43.1%	59.2%
California (DQ)*	21.5%	24.5%	15.2%	32.8%	36.7%	57.3%
Bay Area CA (DQ)*	10.7%	25.5%	19.0%	23.8%	29.7%	49.3%
So. California (DQ)*	21.5%	24.6%	13.9%	31.5%	35.4%	56.1%
Florida SF	15.9%	21.8%	16.4%	19.4%	32.3%	41.1%
Florida C/TH	11.4%	18.1%	14.1%	16.0%	25.5%	34.2%
Miami MSA SF	20.6%	24.1%	11.9%	18.7%	32.5%	42.7%
Miami MSA C/TH	13.7%	20.2%	14.5%	16.7%	28.2%	36.9%
Northeast Florida					40.0%	43.2%
Chicago					43.0%	46.0%
Hampton Roads					28.4%	33.5%
Charlotte					12.3%	15.8%
Sarasota					30.0%	32.0%
Metro Detroit			35.4%	46.6%
Houston			12.3%	19.6%
Memphis*			26.8%	32.7%
*share of existing home sales, based on property records