Equity home sales post higher in May; share of REO sales in single-digits for second straight month

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    By CAR -

    LOS ANGELES, CA – June 25, 2013 – (RealEstateRama) — The share of equity home sales in California continued to grow in May, making up nearly four of every five home sales. Meanwhile, sales of REOs fell into the single-digits for the second straight month and registered levels not seen since October 2007, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

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