From Calculated Risk:
Just using Sacramento as an example … I wish the NAR broke out the data like this! The Sacramento Association of REALTORS® is now breaking out monthly resales by equity sales (normal resales), and distressed sales (Short sales and REO sales). Here is the June data. They started breaking out REO sales last year, but this is the first monthly report with short sales. Just over 70% of all resales (single family homes and condos) were distressed sales. …
Sacramento: 70 Percent Distressed Sales in June
