The number of foreclosed homes on the market declined
Foreclosure shadow inventory (mortgages in 90+ days of deliquency) are a considerable factor against the recovery of the housing market. The estimates put the current inventory around 1.8 million homes equating to a nine-month supply; a six-month supply is considered healthy. CoreLogic reports that this is an 11 percent drop in this inventory from one year ago. Read the full story by clicking on the link above
