REOs and Shorts Accounted for 39 Percent of Q1 Existing-Home Sales

Data released by the National Association of Realtors (NAR) recently showed that distressed properties – including bank-owned homes and pre-foreclosure short sales – made up 39 percent of the first quarter’s existing-home sales. That’s up from 36 percent a year earlier.
source: DCnews.com Carrie Bay