Shadow Inventory Continues Declining
<http://dsnews.us1.list-manage.com/track/click?u=59816bad6939d5a7dd87e45a5&i
d=196c981d49&e=ebe71b748c> Industry's Shadows Continue to Shrink
That ominous shadow inventory of repossessed and soon-to-be repossessed
homes is getting smaller. Standard and Poor's (S&P) has released its
third-quarter shadow inventory update. The agency says the volume of
distressed assets included in its assessment dropped from $405 billion in
the second quarter to $384 billion in the third. This figure has been on a
steady decline since mid-2010. At current liquidation rates, S&P says it
will take 45 months to work through the industry's shadow inventory.
<http://dsnews.us1.list-manage1.com/track/click?u=59816bad6939d5a7dd87e45a5&
id=6f9f0f6feb&e=ebe71b748c> > Read More
- sunil
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