1. The copyright laws of the United States (Title 17 U.S. Code) forbid the unauthorized reproduction of this report by any means, including facsimile or computerized formats. Copyright © 2010, CALIFORNIA ASSOCIATION OF REALTORS® Distressed Sales Press Release May 19, 2011

2. Share of Distressed Sales to Total Sales SOURCE: California Association of REALTORS®

3. Share of Distressed Sales to Total Sales

4. Distressed Sales by County (Percent of Total Sales) SOURCE: California Association of REALTORS®

5. Distressed Sales by County (Percent of Total Sales)

6. REO Sales & Short Sales by County (April 2011) SOURCE: California Association of REALTORS®

7. REO Sales by County (Percent of Total Sales)

8. SOURCE: California Association of REALTORS® Short Sales by County (Percent of Total Sales)

9. Median Price by Type of Sale REO, Short-Sale, Non-Distressed SOURCE: C.A.R. Median Price

10. Price Trends REO, Short-Sale, Non-Distressed SOURCE: C.A.R. Median Price (YTY% Chg.)

11. How Much More Expensive Are Non-Distressed Sales to Distressed Sales? SOURCE: C.A.R.

12. How Much More Expensive Are Short Sales Compared to REO Sales? SOURCE: C.A.R.

13. Types of Sale - Historical % REO, Short-Sale, Non-Distressed SOURCE: C.A.R.