No surprise when I read this:
From DS News
The industry's shadow inventory of homes with mortgages 90 or more days delinquent, in foreclosure, or held as REO by mortgage servicers but not currently listed for sale stood at 1.7 million as of October 2013, according to CoreLogic. The supply of homes hidden in the shadows carries a value of $256 billion and is at its lowest level since August 2008. Shadow inventory has decreased at an average monthly rate of 46,000 units over the last year. » Read More
- Sunil Sethi
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