Monday, August 29, 2011

California Distressed Sales Decline, Realtors Push for Streamlined Shorts

California’s pending home sales dipped in July, as did the share of distressed property sales, according to a report released by the state’s Realtor group this week.
The California Association of Realtors (C.A.R.) says 44.5 percent of home sales contracts accepted last month involved distressed properties. That’s down from both a month earlier and the same period last year, when the distressed share was 46.9 percent and 47.7 percent, respectively.
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