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

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

    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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    Leading the way...® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) is one of the largest state trade organizations in the United States, with nearly 155,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

    Contact:

    Los Angeles - Executive Office:
    525 South Virgil Avenue
    Los Angeles, CA 90020-1403
    Phone: (213) 739-8200
    Fax: (213) 480-7724

    Media:

    Mark Giberson
    Phone: (213) 739-8304.

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