Shadow Inventory Declines 28% from Peak

From DS News

Shadow Inventory Down to 2.2M Homes, Falls 28% from Peak

In January, the number of homes still hidden in the shadows fell to 2.2 million, a 28 percent decrease from the January 2010 peak when an estimated three million housing units were in shadow inventory, data from CoreLogic revealed. The 2.2 million units represent a supply of nine months and a year-over-year decline of 18 percent from January 2012, CoreLogic reported. Seriously delinquent loans were the main drivers of shadow inventory, accounting for one million of the distressed properties yet to be released. » Read More

 

- Sunil Sethi

 

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