Distressed sales down to just 9% of homes sold

Screen Shot 2015-10-09 at 9.47.30 AMBy Trey Garrison | HousingWire

Distressed sales, which include real estate-owned properties and short sales, accounted for 9.4% of total home sales nationally in July 2015, down 2.1 percentage points from July 2014 and down 0.4 percentage points from June 2015, CoreLogic reports.

Within the distressed category, REO sales accounted for 6.1% and short sales made up 3.3% of total home sales in July 2015. The REO sales share was the lowest since September 2007 when it was 5.2%.

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