Housing economist Tom Lawler sent me the updated table below of short sales, foreclosures and cash buyers for several selected cities in September. Lawler notes: "Note the jump in the foreclosure sales share in Orlando."
On distressed: Total "distressed" share is down in these markets due to a decline in short sales.
Short sales are down in all these areas.
Foreclosures are up slightly in several of these areas - and up significantly in Orlando.
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 continue to decline.
| Short Sales Share | Foreclosure Sales Share | Total "Distressed" Share | All Cash Share | |||||
|---|---|---|---|---|---|---|---|---|
| Sep-14 | Sep-13 | Sep-14 | Sep-13 | Sep-14 | Sep-13 | Sep-14 | Sep-13 | |
| Las Vegas | 10.4% | 23.0% | 8.8% | 7.0% | 19.2% | 30.0% | 34.3% | 47.2% |
| Reno** | 7.0% | 20.0% | 7.0% | 5.0% | 14.0% | 25.0% | ||
| Phoenix | 3.8% | 8.8% | 5.8% | 8.0% | 9.6% | 16.8% | 25.7% | 33.4% |
| Sacramento | 5.3% | 12.1% | 6.5% | 3.9% | 11.8% | 16.0% | 19.4% | 23.6% |
| Minneapolis | 3.4% | 6.0% | 9.4% | 16.0% | 12.8% | 22.0% | ||
| Mid-Atlantic | 5.5% | 7.7% | 9.7% | 8.2% | 15.2% | 15.9% | 19.1% | 18.4% |
| Orlando | 7.1% | 18.0% | 24.8% | 18.0% | 31.8% | 36.0% | 41.9% | 43.5% |
| California * | 5.9% | 10.8% | 5.3% | 7.1% | 11.2% | 17.9% | ||
| Bay Area CA* | 3.6% | 7.5% | 2.8% | 3.6% | 6.4% | 11.1% | 20.9% | 23.3% |
| So. California* | 6.0% | 10.9% | 4.7% | 6.4% | 10.7% | 17.3% | 24.3% | 28.7% |
| Hampton Roads | 19.6% | 26.1% | ||||||
| Tucson | 26.7% | 29.8% | ||||||
| Toledo | 31.4% | 38.1% | ||||||
| Wichita | 27.8% | 28.6% | ||||||
| Des Moines | 16.8% | 19.2% | ||||||
| Peoria | 24.7% | 20.7% | ||||||
| Georgia*** | 27.4% | N/A | ||||||
| Omaha | 19.9% | 19.1% | ||||||
| Pensacola | 29.2% | 27.3% | ||||||
| Memphis* | 11.7% | 16.5% | ||||||
| Springfield IL** | 9.5% | 14.1% | 22.6% | N/A | ||||
| *share of existing home sales, based on property records **Single Family Only ***GAMLS | ||||||||