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IRVINE, CA—Short sales and distressed sales—defined as those in foreclosure or bank owned—accounted for 16.9% of all US home sales in February, up from 16.1% of sales in January, but down from 19.1% of sales in February 2013, according to a report from RealtyTrac. Experts believe the reduction is in part due to the decreasing amount of distressed inventory in the pipeline.

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