Shadow Inventory Shows Decline

CoreLogic released a report showing that shadow inventory is on the decline. In July 2010, the shadow inventory supply was calculated at 1.9 million units which is a 6-month’s supply. April 2011 data showed that shadow inventory declined to 1.7 million units. In July 2011, the total number of shadow inventory units decreased again to 1.6 million reflecting a 5-months’ supply. http://bit.ly/q8gLm4

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