Data Shows Decrease in Residential Shadow Inventory

CoreLogic reported today that the April 2011 supply of residential shadow inventory dropped to 1.7 million units from 1.9 million units in April 2010.  Analysts believe that this number represents a 5 month supply. A decrease was also seen in the total shadow and visible inventory which came to 5.7 million units in April 2011, “down from 6.2 million units a year ago.” Review more highlights of CoreLogic’s findings at: http://bit.ly/mJH8Ga

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