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In January 2014, a significant trend in the California real estate market was observed, where more than four out of five sales were classified as equity sales. This statistic highlights a transition towards stabilizing market conditions, as distressed sales are gradually diminishing. The data, provided by the California Association of Realtors®, reflects an ongoing recovery in the housing sector, indicating improved financial conditions for homeowners and a trend away from short sales and foreclosures.
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More than Four of Five Sales Were Equity Sales • California: Jan 2014 SERIES: Distressed Sales, Not Seasonally Adjusted SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®