Economist Tom Lawler sent me the table below of short sales, foreclosures and all cash sales for selected cities in August.

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

Short sales and foreclosures are down in all of these areas (except a minor increase in Springfield).

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

  Short Sales Share Foreclosure Sales Share Total “Distressed” Share All Cash Share
Aug-
2016
Aug-
2015
Aug-
2016
Aug-
2015
Aug-
2016
Aug-
2015
Aug-
2016
Aug-
2015
Las Vegas 4.1% 6.2% 5.5% 7.0% 9.6% 13.2% 25.8% 28.2%
Phoenix 2.1% 2.7% 2.3% 3.4% 4.4% 6.1% 20.3% 22.6%
Sacramento 2.9% 4.3% 2.9% 3.8% 5.8% 8.0% 15.3% 18.8%
Minneapolis 1.1% 1.7% 3.8% 6.1% 4.9% 7.8% 12.1% 11.7%
Mid-Atlantic 2.8% 3.2% 8.6% 10.5% 11.4% 13.7% 16.7% 16.5%
Florida SF 2.1% 3.5% 8.0% 16.6% 10.1% 20.2% 27.3% 33.6%
Florida C/TH 1.4% 2.3% 7.3% 15.3% 8.6% 17.6% 55.0% 59.7%
Miami MSA SF 2.9% 5.9% 9.5% 17.9% 12.4% 23.8% 26.5% 32.0%
Miami MSA C/TH 1.7% 3.0% 10.0% 19.2% 11.7% 22.2% 56.1% 62.9%
Chicago (city)         12.4% 15.0%    
Northeast Florida         14.2% 25.8%    
Rhode Island         8.0% 10.1%    
Spokane         6.1% 10.0%    
Toledo             24.9% 30.3%
Tucson             20.9% 25.8%
Knoxville             22.5% 23.4%
Peoria             20.2% 17.2%
Georgia***             19.8% 21.9%
Omaha             15.2% 16.9%
Pensacola             24.3% 30.6%
Richmond VA     6.9% 9.3%     16.0% 16.0%
Memphis     8.6% 12.2%        
Springfield IL**     6.8% 6.6%        
*share of existing home sales, based on property records
**Single Family Only
***GAMLS

From http://feedproxy.google.com/~r/CalculatedRisk/~3/x9JdZivC6qg/lawler-table-of-distressed-sales-and.html

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