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

On distressed: Total “distressed” share is down in all of these markets.

Short sales and foreclosures are down in all of these areas.

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
Mar-
2016
Mar-
2015
Mar-
2016
Mar-
2015
Mar-
2016
Mar-
2015
Mar-
2016
Mar-
2015
Las Vegas 5.9% 8.3% 7.1% 9.3% 13.0% 17.6% 27.7% 32.4%
Reno** 3.0% 5.0% 3.0% 8.0% 6.0% 13.0%    
Phoenix             24.6% 27.5%
Sacramento 4.5% 5.4% 5.5% 6.9% 10.0% 12.4% 17.3% 19.3%
Minneapolis 2.5% 3.0% 10.9% 12.4% 13.4% 15.4%    
Mid-Atlantic 4.4% 4.7% 13.6% 14.0% 18.0% 18.8% 18.3% 18.2%
Riverside 2.4% 3.5% 3.2% 5.0% 5.6% 8.5% 18.2% 19.2%
San Bernardino 2.4% 4.1% 3.2% 5.2% 5.6% 9.3% 20.7% 21.8%
Riverside 2.4% 3.5% 3.2% 5.0% 5.6% 8.5% 18.2% 19.2%
Richmond VA     9.8% 11.9%     17.3% 18.0%
Chicago (city)         19.6% 21.9%    
Northeast Florida         19.9% 30.9%    
Toledo             30.6% 32.7%
Tucson             25.8% 32.0%
Georgia***             21.0% 23.2%
Omaha             16.3% 16.1%
Pensacola             28.3% 33.4%
Memphis     15.0% 15.3%        
Springfield IL**         11.2% 12.1% 18.1% N.A.
*share of existing home sales, based on property records
**Single Family Only
***GAMLS

From http://feedproxy.google.com/~r/CalculatedRisk/~3/9jHiE83c–I/lawler-preliminary-table-of-distressed.html

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