INDUSTRY ILLUSTRATED
WRAP YOUR HEAD AROUND THE MARKET'S LEADING INDICATORS
REO SALES ACTIVITY
9
Providence, RI;
New Bedford, MA;
Fall River, MA
1
New York:
Rochester
New York:
New York,
Long Island
1.4% -15.8
5.5% -12.2
3
2
8.4% -29.2
50
41
Michigan:
Detroit, Warren,
Livonia
California:
Fresno
10
California:
San Jose,
Sunnyvale,
Santa Clara
9.0% -44.1
27.3% -34.3
Illinois:
Chicago,
Naperville,
Joliet
49
Nevada:
Las Vegas,
Paradise
46
Massachusetts:
Connecticut:
Boston,
Cambridge,
Quincy
Hartford, West
Hart���eld, East
Hartford
5.2% -19.5
4.5% -15.4
46.0% -19.0
48
4
8
Philadelphia, PA;
Camden, NJ;
Wilmington, DE
Arizona:
Tucson
28.1% -14.5
Missouri:
St. Louis
34.0% -13.2
5
6
Pennsylvania:
Pittsburgh
Washington DC,
Arington VA,
Alexandria VA
47
6.3% -16.1
7.3% -30.3
Ohio:
Columbus
Ohio:
Cleveland,
Elyria, Mentor
7
32.7% -12.5
36.6% -35.5
42
34.6% -24.2
35.0% -8.3
43
44
8.3%
-7.9
Maryland:
Baltimore,
Towson
7.9% -12.7
45
Georgia:
Tennessee:
Memphis
Atlanta, Sandy
Springs, Marietta
33.3% -21.4
33.8% -13.0
Sales of Bank-Owned Homes Weaken
DS News tracks the latest and most relevant industry surveys and data to keep you
in the know. This month, let's take a look at the REO share of home sales in select
metros���measured as REO saturation by Clear Capital. The valuation ���rm says
distressed sale activity continued to decline in January. National REO saturation,
or the percent of REO sales to all sales, was unchanged from December at 18.4
percent, but down signi���cantly from the peak of 41 percent in 2009. Clear Capital
says the trend of declining REO saturation resonated at the metro market level
across the country. Here, we've mapped the 10 metros with the lowest levels of REO
saturation (ranked 1-10) and the 10 with the highest levels (ranked 41-50), among the
nation's 50 largest markets.
Color-Coded Legend
33.3%
REO Saturation
(January 2013)
7.9%
-21.4
Change Since Peak
(points)
-12.7
Source: Clear Capital
112
