Shadow inventories of homes fell to 2.3M units in July, a 10.2% Y/Y decline, and representing a...

|By:, SA News Editor

Shadow inventories of homes fell to 2.3M units in July, a 10.2% Y/Y decline, and representing a 6-month supply, reports CoreLogic. "The decline in shadow inventory has recently moderated, reflecting the lower outflow of distressed sales over the past year," says chief economist Mark Fleming.