Relevant:
- Foreclosures Rise to 24% of U.S. Home Purchases as Short Sales Increase
- Home sales inch up in California as prices fall
- Foreclosures Climb 38% to Record in U.S. as Banks Process Backlog of Homes
- California Sees Home Sales Jump; REO Makes the Market
- San Francisco Bay Area Home Prices Fall as More Foreclosed Properties Sold
2011-08-25 — bloomberg.com
"The proportion of sales of homes in default or scheduled for auction rose from 10 percent a year earlier and was little changed from the first quarter, the Irvine, California-based information company said today in a report. Most of those were short sales, or transactions for less than the mortgage debt, according to RealtyTrac."
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