From CR: This is just a few markets, but total "distressed" share is down significantly, foreclosure are down in most areas, and short sales are off sharply year-over-year.
The All Cash Share (last two columns) is mostly declining year-over-year. As investors pull back in markets (like Vegas and Phoenix) the share of all cash buyers will probably decline.
Note: Existing home sales for November will be released on Thursday, and Tom Lawler is projecting the NAR will report sales of 4.98 million on a seasonally adjusted annual rate basis. The consensus is for sales to decline to a 5.05 million SAAR, down from 5.12 SAAR in October.
| Short Sales Share | Foreclosure Sales Share | Total "Distressed" Share | All Cash Share | |||||
|---|---|---|---|---|---|---|---|---|
| Nov-13 | Nov-12 | Nov-13 | Nov-12 | Nov-13 | Nov-12 | Nov-13 | Nov-12 | |
| Las Vegas | 21.0% | 41.2% | 7.0% | 10.7% | 28.0% | 51.9% | 43.7% | 52.7% |
| Reno | 17.0% | 41.0% | 6.0% | 9.0% | 23.0% | 50.0% | ||
| Phoenix | 7.8% | 23.2% | 8.0% | 12.9% | 15.8% | 36.1% | 34.0% | 43.2% |
| Sacramento | 11.0% | 36.1% | 4.6% | 11.5% | 15.6% | 47.6% | 25.0% | 37.1% |
| Minneapolis | 5.0% | 11.1% | 17.0% | 24.5% | 22.0% | 35.6% | ||
| Mid-Atlantic | 7.5% | 11.9% | 8.1% | 8.7% | 15.7% | 20.6% | 19.6% | 20.0% |
| Orlando | 13.5% | 29.4% | 20.3% | 21.1% | 33.8% | 50.5% | 46.5% | 54.2% |
| California* | 12.3% | 26.2% | 6.8% | 16.9% | 19.1% | 43.1% | ||
| Bay Area CA* | 9.1% | 23.2% | 3.7% | 12.5% | 12.8% | 35.7% | 22.0% | 28.9% |
| So. California* | 12.7% | 26.6% | 6.3% | 15.4% | 19.0% | 42.0% | 27.2% | 34.0% |
| Hampton Roads | 26.9% | 28.3% | ||||||
| Northeast Florida | 36.4% | 41.8% | ||||||
| Chicago | 35.0% | 43.0% | ||||||
| Tucson | 32.2% | 0.338 | ||||||
| Toledo | 37.2% | 0.409 | ||||||
| Des Moines | 19.9% | 22.1% | ||||||
| Peoria | 21.8% | 21.2% | ||||||
| Omaha | 21.6% | 19.8% | ||||||
| Spokane | 16.0% | 9.1% | ||||||
| Houston | 7.7% | 15.0% | ||||||
| Memphis* | 20.4% | 24.4% | ||||||
| Birmingham AL | 21.0% | 26.5% | ||||||
| Springfield IL | 17.0% | 15.8% | ||||||
| *share of existing home sales, based on property records | ||||||||