Tag Archives: Shadow inventory contracts as investors snap up foreclosures

Current residential shadow inventory continued to fall from peak levels, CoreLogic said in a third quarter report. Shadow inventory shrank to 2.3 million units in October, which represents a supply of seven months. This accounted for 85% of the 2.7 million properties currently seriously delinquent – in foreclosure or real estate owned. A year ago, shadow inventory stood at 2.6 million units, dropping 12.3%. Shadow inventory is expected to continue to shrink due to investor demand, which will help absorb the already real estate-owned properties and foreclosed properties in the […]