Tag Archives: ‘Shadow Inventory’ Threat Reduced

The number of distressed homes looming in “shadow inventory” dropped 18 percent in January compared to a year ago, according to the latest report by CoreLogic. The shadow inventory now encompasses about 2.2 million homes, or about a nine-month supply at the current sales pace, according to CoreLogic. In January 2010, the shadow inventory had peaked at 3 million. Since that time, it has fallen 28 percent. Shadow inventory reflects the percentage of homes seriously delinquent or in foreclosure, and REO properties that a lender holds that have yet to […]