Sales of distressed homes accounted for 29% of all sales in the U.S. in January, the highest level since April 2009, a report from First American CoreLogic found.

The real estate-owned share of sales increased to 22% in January, up from 19% in December but down from a year earlier, when it was 27%. Short sales accounted for 8% of all sales in January, up from 7% in December and 5% a year earlier.

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