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 Aug 22, 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) 1 of 2

6. SOURCE: California Association of REALTORS® Distressed Sales by County (Percent of Total Sales) 2 of 2

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

8. REO Sales by County (Percent of Total Sales) 1 of 2

9. SOURCE: California Association of REALTORS® REO Sales by County (Percent of Total Sales) 2 of 2

10. SOURCE: California Association of REALTORS® Short Sales by County (Percent of Total Sales) 1 of 2

11. SOURCE: California Association of REALTORS® Short Sales by County (Percent of Total Sales) 2 of 2

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

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

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

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

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

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

18. Types of Sale - Historical Raw # REO, Short-Sale, Non-Distressed SOURCE: C.A.R. ----------------FOR INTERNAL USE ONLY---------------------