Another Positive Market Trend

Dated: 09/27/2013

Views: 5494

According to Mortgage News Daily, shadow inventory has now fallen to its lowest point in the last four and a half years.

These properties, (referred to as "shadow inventory" a term that describes properties either in foreclosure or homes otherwise delaying being put on the market until prices improve),  is now less then two-thirds of what they were compared to the same time last year.
Shadow inventory can be a negative drag on values and slow the housing recovery, however that now seems to be diminishing with shadow inventory estimated at only 2.7 percent of all homes with a mortgage in the country, compared to over 4 percent a year ago. 

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