From CR: The decline in "distressed" share was one of the positives I mentioned in the previous post. Total "distressed" share is down in all of these markets, mostly because of a sharp decline in short sales.
Foreclosures are down in most of these areas too, although foreclosures are up in the mid-Atlantic area and Florida (judicial foreclosure) - and a little in Las Vegas (there was a state law change that slowed foreclosures dramatically in Nevada at the end of 2011 - so it isn't a surprise that foreclosures are up a little year-over-year).
The All Cash Share (last two columns) is mostly declining year-over-year. As investors pull back, the share of all cash buyers will probably decline. Toledo, Des Moines and Wichita's cash share is up. The cash share in Florida is still very high.
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 | |||||
---|---|---|---|---|---|---|---|---|
Mar-14 | Mar-13 | Mar-14 | Mar-13 | Mar-14 | Mar-13 | Mar-14 | Mar-13 | |
Las Vegas | 12.9% | 33.3% | 11.7% | 11.2% | 24.6% | 44.5% | 43.1% | 57.5% |
Reno** | 14.0% | 32.0% | 7.0% | 9.0% | 21.0% | 41.0% | ||
Phoenix | 5.1% | 15.1% | 6.9% | 11.6% | 11.9% | 26.8% | 33.1% | 41.5% |
Sacramento | 8.2% | 27.0% | 7.9% | 10.5% | 16.1% | 37.5% | 22.5% | 36.5% |
Minneapolis | 4.7% | 9.3% | 21.9% | 28.3% | 26.6% | 37.6% | ||
Mid-Atlantic | 6.4% | 11.4% | 10.9% | 10.7% | 17.3% | 22.1% | 19.9% | 20.6% |
Orlando | 7.9% | 21.7% | 23.7% | 21.4% | 31.6% | 43.0% | 44.6% | 55.6% |
California * | 7.4% | 17.0% | 7.4% | 15.0% | 14.8% | 32.0% | ||
Bay Area CA* | 5.0% | 15.0% | 4.5% | 10.2% | 9.5% | 25.2% | 25.0% | 31.0% |
So. California* | 7.7% | 18.7% | 6.4% | 13.8% | 14.1% | 32.5% | 29.1% | 35.1% |
Lee County, FL** | 4.0% | 11.3% | 15.5% | 11.9% | 19.5% | 23.2% | ||
Florida SF | 6.9% | 15.9% | 21.6% | 16.3% | 28.5% | 32.3% | 45.5% | 48.3% |
Florida C/TH | 4.5% | 11.4% | 15.9% | 14.2% | 20.4% | 25.6% | 70.9% | 74.9% |
Hampton Roads | 24.5% | 28.4% | ||||||
Northeast Florida | 39.1% | 40.2% | ||||||
Toledo | 40.7% | 38.9% | ||||||
Wichita | 32.0% | 27.9% | ||||||
Des Moines | 20.8% | 19.1% | ||||||
Tucson | 33.5% | 35.0% | ||||||
Omaha | 20.3% | 22.1% | ||||||
Pensacola | 35.7% | 35.9% | ||||||
Georgia*** | 33.8% | NA | ||||||
Pensacola | 35.7% | 35.9% | ||||||
Georgia*** | 33.8% | NA | ||||||
Houston | 6.8% | 12.3% | ||||||
Memphis* | 18.5% | 26.7% | ||||||
Springfield IL** | 14.0% | 26.1% | ||||||
*share of existing home sales, based on property records **Single Family Only ***GAMLS |
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.