From CR: This is just a few markets - still more to come - but total "distressed" share is down in all of these markets, and down significantly in most. This is mostly because of a decline in short sales.
And foreclosures are down in all of these areas too (except Springfield, Ill).
The All Cash Share (last two columns) is mostly declining year-over-year. It appears investors are pulling back in markets like Las Vegas and SoCal - probably because of fewer distressed sales and higher prices.
| Short Sales Share | Foreclosure Sales Share | Total "Distressed" Share | All Cash Share | |||||
|---|---|---|---|---|---|---|---|---|
| Dec-13 | Dec-12 | Dec-13 | Dec-12 | Dec-13 | Dec-12 | Dec-13 | Dec-12 | |
| Las Vegas | 20.7% | 45.8% | 8.5% | 9.5% | 29.2% | 55.3% | 44.4% | 55.2% |
| Reno | 24.0% | 47.0% | 4.0% | 10.0% | 28.0% | 57.0% | ||
| Phoenix | 9.5% | 27.2% | 7.5% | 12.2% | 17.1% | 39.4% | ||
| Minneapolis | 5.4% | 12.4% | 17.3% | 26.7% | 22.7% | 39.1% | ||
| Mid-Atlantic | 8.0% | 13.0% | 9.3% | 9.7% | 17.3% | 22.7% | 19.3% | 20.3% |
| So. California* | 13.2% | 26.7% | 5.8% | 14.2% | 19.0% | 40.9% | 27.7% | 35.8% |
| Hampton Roads | 29.1% | 31.7% | ||||||
| Northeast Florida | 36.2% | 42.7% | ||||||
| Toledo | 36.5% | 41.6% | ||||||
| Tucson | 32.3% | 33.1% | ||||||
| Des Moines | 23.1% | 21.6% | ||||||
| Omaha | 23.9% | 20.6% | ||||||
| Memphis* | 21.0% | 25.6% | ||||||
| Springfield IL** | 17.7% | 14.2% | ||||||
| *share of existing home sales, based on property records | ||||||||
| **Single Family Only | ||||||||