Share of equity home sales rises to highest level in more than six years as higher home prices buoy more underwater homes

LOS ANGELES – May 23, 2014 – (RealEstateRama) — Recent home price gains have lifted more underwater homes into positive territory, pushing the share of equity home sales to their highest level since late 2007.  At the same time, pending home sales were essentially unchanged in April, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today