Distressed homes for sale above 40% of O.C. supply

Home market watcher Steve Thomas at Re/Max Real Estate Services in Aliso Viejo reports that the number of O.C. distressed properties (homes listed by agents as foreclosures or short sales) was 5,950 last week, +56 vs. two weeks earlier or a +0.95% change. And... As a percent of all listed homes for sale, distressed properties were 41.5% of the market last week [...]