Shadow Inventory Falls 34% from 2010 Peak

Hi Friends,

I came across an interesting article that I thought might be of interest to you! 

"Fewer than 2 million homes remain in shadow inventory as of April, CoreLogic reported Tuesday.This puts shadow inventory at a supply of 5.3 months and represents an 18 percent year-over-year decrease. The data provider also reported shadow inventory is 34 percent lower than the 2010 peak of 3 million. For its estimate, CoreLogic counts unlisted properties that are seriously delinquent, in foreclosure, or held as REOs as shadow inventory.Currently, serious delinquencies make up the bulk of shadow inventory. Out of the total for shadow inventory, about 890,000 homes are seriously delinquent, while 761,000 are in some stage of foreclosure, and another 336,000 are REOs."

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