By Brian Honea
The distressed sales share, which includes sales of REO properties and short sales, was reported to be 9.3 percent for August 2015, down 2.3 percentage points from August 2014. August’s distressed sales share of 9.3 percent was less than a third of their peak in January 2009, when it made up nearly a third of total residential home sales (32.4 percent).
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