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

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.
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