Nick’s posterous

Short Sales and Bank-Owned Properties (distressed units) represent nearly 60% (7,273 units) of total inventory.  Short sales comprised 39.8% of availability while bank-owned homes represented 19.8%.

Contracted units (Contingent and Pending) continued to increase during the first week of September 2009, reaching a combined total of 14,632 units, the highest in history and double the amount posted one year ago.

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