The shadow inventory of residential housing fell to 2.3M units in October, according to...

|By:, SA News Editor

The shadow inventory of residential housing fell to 2.3M units in October, according to CoreLogic, a 12.3% decline from a year ago, and representing a 7-month supply. Half of the shadow inventory is only delinquent at this point. Given the length of time it takes to foreclose, there is little threat of a near-term big boost to housing market supply, says the group's Mark Fleming.