by Calculated Risk on 2/13/2014 04:14:00 PM

Economist Tom Lawler sent me the preliminary table below of short sales, foreclosures and cash buyers for several selected cities in January.

From CR: This is just a few markets - more to come - but total "distressed" share is down significantly in these markets, mostly because of a decline in short sales.

And foreclosures are down in all of these areas too.


The All Cash Share (last two columns) is mostly declining year-over-year.  As investors pull back in markets the share of all cash buyers will probably decline.

In general it appears the housing market is slowly moving back to normal.

	Short Sales Share		Foreclosure Sales Share		Total "Distressed" Share		All Cash Share
	Jan-14	Jan-13	Jan-14	Jan-13	Jan-14	Jan-13	Jan-14	Jan-13
Las Vegas	17.0%	36.2%	11.0%	12.5%	28.0%	48.7%	46.3%	56.1%
Reno**	16.0%	41.0%	9.0%	10.0%	25.0%	51.0%
Phoenix	6.8%	17.6%	9.6%	16.2%	16.5%	33.8%	36.3%	44.1%
Minneapolis	5.4%	10.3%	24.0%	31.9%	29.4%	42.2%
Mid-Atlantic	8.5%	13.1%	12.2%	12.7%	20.7%	25.8%	22.9%	22.0%
So. California*	12.2%	24.2%	6.6%	17.2%	18.8%	41.4%	29.1%	33.7%
Hampton Roads					29.5%	34.9%
Toledo							43.9%	44.4%
Des Moines							22.2%	26.8%
Tucson							38.2%	36.7%
Omaha							26.4%	21.3%
Memphis*			19.1%	25.9%
*share of existing home sales, based on property records **Single Family Only