According to CNBC.com, which quoted a RealtyTrac report, “Sales of distressed U.S. homes fell in the first quarter as demand remained weak, but they still made up about 28 percent of total sales, the highest amount in a year.”
The report added that, “Distressed sales accounted for 27.5 percent of all residential sales, ticking up from 27 percent in the fourth quarter of last year. … It was the highest percentage of sales since the first quarter of 2010.”