Nation's Supply of Shadow Inventory Drops in July

Summary

---

The nation's supply of residential shadow inventory - distressed homes that haven't hit the market but inevitably will - continued its slow decline in July.

According to data released today by the Santa Ana, Calif.-based research firm CoreLogic, the nation's shadow inventory at the end of July was 1.6 million units, representing a five-month supply of properties. This is down from 1.9 million units - a six-month supply - a year ago, and follows a decline from April of this year when shadow inventory stood at 1.7 million units.

See the full content of this document

Extract

---

Nation's Supply of Shadow Inventory Drops in July

"The steady improvement in the shadow inventory is a positive development fo...

See the full content of this document

---