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Cities selling the most distressed homes

10. Sacramento–Arden-Arcade–Roseville, Calif. • Pct. distressed sales: 25.4% • Unemployment rate: 8.2% • Pct. change in home prices: 22% • More than one-quarter of Sacramento area homes sold in December were distressed, versus slightly more than 16% nationwide. Additionally, 18.6% of home sales were foreclosure-related, meaning they involved either a bank-owned property or a sale at a foreclosure auction. This was among the highest rates in the country for a major metropolitan area. Foreclosure-related properties were sold at a 22% discount over other properties sold that month, lower than the 38% discount for such homes nationwide. (Photo by Thinkstock)

10 cities to pick up cheap distressed properties

In December, 16.2% of all home sales involved distressed properties, according to a recent report. These homes were sold at an average discount of nearly 40% when compared with conventional nondistressed homes. In Las Vegas, 41% were distressed.

We also reviewed income and poverty figures from the U.S. Census Bureau for 2012, as well as seasonally adjusted unemployment rates from the Bureau of Labor Statistics.

Click on the image at the top to see the 10 metro areas selling the most distressed homes.