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Share of Distressed U.S. Home Sales Falls to Record Low

Here’s the latest sign of recovery in the overall U.S. housing market: Distressed sales, comprised of foreclosures and short sales, accounted for just 5 percent of total purchases of previously owned homes in July. That’s the smallest share since the National Association of Realtors began tracking the data in 2008. Distressed purchases peaked in March 2009 at nearly half of total sales.