Fewer than 2 million homes remain in shadow inventory as of April, CoreLogic reported Tuesday.
This puts shadow inventory at a supply of 5.3 months and represents an 18 percent year-over-year decrease. The data provider also reported shadow inventory is 34 percent lower than the 2010 peak of 3 million. For its estimate, CoreLogic counts unlisted properties that are seriously delinquent, in foreclosure, or held as REOs as shadow inventory.
Also 47% of Bankers Expect Delinquencies to Decrease
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