Short Sales Pick Up

Short Sales Pick Up As Investor Purchases Slow Over Last Year: With the exception of short sales, activity for distressed sales was relatively calm in June, according to data from RealtyTrac.

Last month, institutional investors, or non-lending entities that bought at least 10 properties in the last 12 months, accounted for 9 percent of residential sales. The share represents a slight increase from 8 percent in May, and a small decrease from 10 percent in June 2012.REO sales remained stable, accounting for 9 percent of sales, down from 10 percent in May and unchanged from a year ago.Meanwhile, short sales saw a significant increase over the last year, representing 14 percent of all sales in June, up from 8 percent a year ago. In May, short sales represented 15 percent of sales.Five More Markets Reach Full Recovery 

Report Shows Salt Lake City and Provo-Orem Highest Year-over-Year Increase: