by Calculated Risk on 6/12/2015 05:15:00 PM

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

On distressed: Total "distressed" share is down in most of these markets mostly due to a decline in short sales (Mid-Atlantic is up year-over-year because of an increase in foreclosures in Baltimore).



Short sales are down in all of 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.

As Lawler noted last month: The Baltimore Metro area is included in the overall Mid-Atlantic region (covered by MRIS). Baltimore is shown separately because a large portion of the YOY increase in the foreclosure share of home sales in the Mid-Atlantic region was attributable to the significant increase in foreclosure sales in the Baltimore Metro area.

	Short Sales Share		Foreclosure Sales Share		Total "Distressed" Share		All Cash Share
	May-15	May-14	May-15	May-14	May-15	May-14	May-15	May-14
Las Vegas	7.3%	7.9%	8.0%	9.1%	15.3%	17.0%	21.9%	40.2%
Reno**	5.0%	11.0%	4.0%	6.0%	9.0%	17.0%
Phoenix							24.0%	29.5%
Minneapolis	2.4%	3.9%	6.6%	10.0%	9.0%	13.9%
Mid-Atlantic	3.4%	5.2%	10.4%	8.1%	13.8%	13.3%	16.2%	17.2%
Baltimore MSA****	3.6%	5.8%	16.3%	11.9%	19.8%	17.6%
Chicago (city)					16.2%	21.6%
Hampton Roads					17.4%	21.3%
Spokane					12.8%	17.0%
Northeast Florida					26.7%	36.8%
Toledo							26.1%	36.6%
Tucson							25.6%	31.3%
Des Moines							14.0%	17.5%
Peoria							17.9%	19.6%
Georgia***							20.3%	26.0%
Omaha
Richmond VA MSA			8.5%	13.9%			14.9%	19.4%
Memphis			14.3%	15.6%
Springfield IL**			5.4%	8.7%
*share of existing home sales, based on property records **Single Family Only ***GAMLS ****Baltimore is included in the Mid-Atlantic region, but is shown separately here