by Calculated Risk on 2/19/2015 07:43:00 PM

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

On distressed: Total "distressed" share is down in most of these markets mostly due to a decline in short sales (Mid-Atlantic and Orlando are up year-over-year because of an increase foreclosure as lenders work through the backlog).

Short sales are down in these areas.

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

It is pretty amazing that distressed sales still make up almost 40% of sales in Orlando.  Florida has been very slow to recover from the severe damage of the housing bubble.

	Short Sales Share		Foreclosure Sales Share		Total "Distressed" Share		All Cash Share
	Jan-15	Jan-14	Jan-15	Jan-14	Jan-15	Jan-14	Jan-15	Jan-14
Las Vegas	9.7%	17.0%	9.4%	11.0%	19.1%	28.0%	36.0%	46.3%
Reno**	10.0%	16.0%	6.0%	9.0%	16.0%	25.0%
Phoenix	3.7%	6.8%	6.5%	9.6%	10.2%	16.5%	32.0%	36.3%
Sacramento	6.9%	11.8%	9.5%	8.4%	16.4%	20.2%	22.7%	26.6%
Minneapolis	4.1%	5.5%	16.0%	24.0%	20.1%	29.5%
Mid-Atlantic	5.8%	8.5%	15.2%	12.2%	21.0%	20.7%	21.4%	22.9%
Orlando	5.3%	11.7%	33.9%	25.7%	39.2%	37.4%	47.1%	49.2%
California *	6.4%	10.7%	6.7%	7.7%	13.1%	18.4%
Bay Area CA*	4.0%	8.5%	4.5%	5.2%	8.5%	13.7%	22.6%	25.8%
So. California*	6.5%	10.7%	5.7%	6.6%	12.2%	17.3%	24.9%	29.9%
Chicago (city)					24.1%	35.0%
Hampton Roads					27.6%	29.5%
Northeast Florida					38.2%	46.2%
Toledo							37.6%	43.9%
Tucson							34.8%	38.2%
Des Moines							22.0%	22.2%
Georgia***							31.3%	N/A
Omaha							24.0%	26.4%
Pensacola							38.3%	42.7%
Memphis*			14.8%	19.1%
Springfield IL**			16.2%	28.5%
*share of existing home sales, based on property records **Single Family Only ***GAMLS